Coinbase CEO's Net Worth Plummets $10 Billion in 7 Months

Brian Armstrong falls off Bloomberg's Billionaires Index as crypto crash takes a toll.

Published on Feb. 11, 2026

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Coinbase CEO Brian Armstrong has seen his personal wealth plummet by more than $10 billion as of February 2026, down from a high of almost $18 billion last summer, due to the ongoing crash in the value of Bitcoin and other key cryptocurrencies. Armstrong, who was on the cover of Inc. magazine in 2021, has lost more than half of his wealth in the span of seven months as Coinbase's stock price has depreciated by 42% over the last year.

Why it matters

The massive decline in Armstrong's net worth highlights the significant impact the recent cryptocurrency crash has had on some of the industry's most prominent figures and investors. As one of the most public advocates for cryptocurrency, Armstrong's losses underscore the volatility and risk inherent in the crypto market.

The details

Bitcoin prices are down 31% over the last year, while Ethereum, XRP, Solana, and Binance Coin have all seen declines ranging from 25% to 59%. Coinbase itself has seen its stock price drop 42% over the last year and 37% over the last month, leading JPMorgan Chase to lower its price target for the company. As a result, Armstrong has fallen off of Bloomberg's list of the world's 500 richest people.

  • In the summer of 2021, Armstrong's net worth peaked at almost $18 billion.
  • As of February 2026, Armstrong's net worth has plummeted by more than $10 billion.

The players

Brian Armstrong

The co-founder and CEO of Coinbase, one of the world's largest cryptocurrency exchanges.

Fred Ehrsam

The co-founder of Coinbase, along with Brian Armstrong.

Cameron Winklevoss

Co-founder of Gemini Space Station, a cryptocurrency exchange, who has also seen his net worth decline significantly.

Tyler Winklevoss

Co-founder of Gemini Space Station, a cryptocurrency exchange, who has also seen his net worth decline significantly.

Michael Novogratz

The founder and CEO of Galaxy Digital, a cryptocurrency investment firm, whose net worth has also taken a hit.

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What they’re saying

“The majority of Armstrong's $7.5 billion net worth is tied up in his 14% stake in New York-based Coinbase, which the 43-year-old co-founded along with Fred Ehrsam in 2012.”

— Bloomberg (Bloomberg)

The takeaway

The dramatic decline in Brian Armstrong's net worth underscores the volatility and risk inherent in the cryptocurrency market, with even the industry's most prominent figures and investors facing significant losses as a result of the recent crypto crash.