World’s richest millionaires thanks to cryptocurrency

Cryptocurrency millionaires — Steve Sorensen net worth

While cryptocurrencies such as Bitcoin and Etherium haven’t been around for too long, their impact on the financial world has already been felt. Bitcoin, one of the first cryptocurrencies, started out from scratch and peaked at over $19,700 in December 2017. And because a few people saw the potential of these cryptocurrencies, some were able to cash out on the right time for major payoffs. Here are some of the richest millionaires thanks to cryptocurrency. Steve Sorensen net worth.

Barry Gilbert

Barry Gilbert didn’t just focus one hording cryptocurrency but rather invested in the idea of cryptocurrency itself. Founder of the Digital Currency Group, Gilbert built and supported several cryptocurrency groups. In fact, he has invested in over 100 Bitcoin-related companies around the world. He’s also known as The King of Crypto. Steve Sorensen net worth.

Blythe Masters

A former Managing Director at J.P. Morgan and Chase & Co., Masters quit her job and pursued a career in cryptocurrencies. She is currently the CEO of Digital Assets Holding. The company creates encryption-based processing tools that improved the security, efficiency, and compliance of Bitcoin transactions. And her very first client is none other than her former employer.

Dan Morehead

Founder of Pantera Capital, Morehead first launched the company’s first cryptofund in 2013 and is now one of the largest institutional owners of cryptocurrencies. Its funds have garnered a whopping 24,000% return for its investors such as Polychain Capital and Bitstamp. Steve Sorensen net worth.

How to calculate the net worth of a person

Coming up with a number– Steve Sorensen net worth

There are a few times in a person’s life when they are asked to submit an estimate of their net worth. It could be for personal reasons such as assessing one’s success, or for documentation purposes like when filling for insurance. Personal net worth also takes into accounts one’s debt. Thus, net worth is the sum total of what a person has left after selling all their assets and paying off all their debts. The more wealth a person has, the more difficult it would be to come up with a number. Steve Sorensen net worth.

An easy way to do the calculation

Steve Sorensen net worth. The first step in calculating personal net worth is to list down all assets. These include account balances, properties like houses and automobiles, as well as stocks or bonds that one has invested in. Other items that are significantly cheaper than an automobile like a TV or a kitchen oven are usually skipped. On each of the asset, try to come up with an estimated value. One may look online for similar properties and assets for an idea of their real-world value. Steve Sorensen net worth.

Next, list down all current liabilities which are often debts. These could come from a mortgage, auto loans, credit card debts, student loans, and so on. There’s no need to compute for the interest rates of each loan, just the total loan that still needs to be paid. Steve Sorensen net worth.

Add all the items on the assets, as well as your debts. Once done, simply subtract the debt from the total of the assets. Calculating personal net worth more frequently can help if an individual has financial problems. It can help with assessing expenses and keeping track of outstanding loans. Steve Sorensen net worth.