Billionaire Archives -
The youngest son of a Greek billionaire has died in Ohio of a suspected overdose involving fentanyl. Socrates S. Kokkalis, 34, was found in Cleveland’s downtown Marriott Hotel around 2:45pm Saturday, about 12 hours after he’s believed to have died. Though an official cause of death is pending, police…
Kylie Jenner is known as a reality TV star and a model. But the Keeping Up With the Kardashians star is, at, 20, also an extremely successful businesswoman and is on course to become the youngest self-made billionaire ever, reports Forbes , which estimates her current fortune at $ 900 million. Most…
LeBron James may not be the richest guy floating off the Amalfi Coast right now … because Jimmy Iovine just showed up! The music mogul was spotted on a yacht with LeBron on the 4th of July — as the NBA star continues to celebrate his new…
UK media has reported that 34-year-old Ben Delo, the co-founder of Bitmex, has become the youngest British self-made billionaire.
Bitmex’s Ben Delo is the First British Billionaire From Crypto Industry
According to The Sunday Times, Ben Delo’s college yearbook describes him as having been voted the student most like to become a millionaire, and the student second most likely to end up in prison. UK media is now heralding the Bitmex co-founder as the first Briton to become a billionaire through cryptocurrency, and the youngest British self-made billionaire at just 34.
After studying computer science and mathematics at Worcester College, Oxford, Ben Delo graduated in 2005 with a first-class degree. Mr. Delo then worked with IBM as a software engineer, before later moving to Hong Kong to work for JP Morgan.
Bitmex Rises to Prominence
Bitmex was founded by Ben Delo, Samuel Reed, and Arthur Hayes in 2014. Mr. Delo described the intensive work required to launch the exchange, stating “I have had my nose down in a start-up for the past four years. I was doing 18-hour days at one point.” Mr. Delo also recounted living out of spare bedrooms rented through Airbnb due to the company having such little capital in its early days, in addition to he and his wife regularly eating at McDonald’s. Mr. Delo claims to now maintain a frugal lifestyle, inspired by the likes of Warren Buffett and Bill Gates, and to be a regular donor to various charities.
Bitmix quickly rose to prominence by offering high leverage of cryptocurrency contracts. Due to the significant leverage offered, the exchange is ranked as having the highest trade volume of all cryptocurrency exchanges on Coinmarketcap.
As of this writing, Bitmex boasts an estimated 24-hour trade volume of approximately $ 2.55 billion – nearly $ 900 million more than the second largest exchange by 24-hour trade volume, Coinex ($ 1.66 billion), and over $ 1.1 billion more than the third largest exchange, Binance ($ 1.33 billion).
Do you think we will soon see more representatives of the cryptocurrency sector achieve billionaire status? Share your thoughts in the comment section below!
Images courtesy of Shutterstock, Bitmex
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
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Arizona’s largest utility is fiercely opposing a push to mandate increased use of renewable energy in the sun-drenched state, setting up a political fight over a measure funded by a California billionaire.
Clean Energy for a Healthy Arizona aims to ask voters whether they want the state Constitution…
Patrick Soon-Shiong — immigrant, doctor, billionaire, and soon, newspaper owner — starts a new era at the L.A. TimesApril 15, 2018 | dailybusinessnews
Biotech billionaire Patrick Soon-Shiong – one of L.A.’s wealthiest residents – is expected to take ownership of the Los Angeles Times this month. It would be his highest-profile venture in a long and lucrative career that began halfway around the world in apartheid South Africa.
L.A. Times – Business
A billionaire says he has enough support to ask Californians if they want to divide the nation’s most populous state into three states.
A “full speed” search is underway for one of Germany’s richest men, heir to the Tengelmann supermarket chain, who failed to return from a solo ski excursion in the Swiss Alps on Saturday. An experienced skier, Karl-Erivan Haub was training for a race when he set off from the Matterhorn…
The Hard Rock Hotel and Casino in Las Vegas will be overhauled over the next several months following its purchase Friday by billionaire Richard Branson, the AP reports. The property with about 1,500 rooms and suites off the Las Vegas Strip will eventually become Virgin Hotels Las Vegas. It…