Ripple's Chris Larsen's Crypto Fortune Soars: Details

Ripple cofounder and chairman Chris Larsen has seen his crypto fortune soar over the years, with on-chain data revealing over $764 million in realized profits.

According to Maartunn, community analyst at CryptoQuant, the Ripple cofounder has realized about $764,209,610.42 in profit since January 2018 (this figure remains an estimate). At a current price of $2.39, $XRP is up 355% on a yearly basis according to CoinGecko data, contributing to the increase in the Ripple chairman's $XRP fortune.

Larsen owns over 2.5 billion $XRP, according to data from xrpscan spread across various wallets.

A glance through xrpscan's top accounts by wallet, a metric that lists the top 10,000 $XRP balances flags six wallets named after the Ripple chairman sitting in the first 50.

The wallets include: Chris Larsen (1) which holds 500,000,000 $XRP, Chris Larsen (2) contains 450 million $XRP, while Chris Larsen (3) holds 500,000,001XRP, Chris Larsen (4) contains 500,000,001 $XRP, Chris Larsen (5) holds 282,499,978 $XRP, while Chris Larsen (6) contains 300,188,448. These total 2,532,688,426 $XRP worth $6 billion ($6,053,125,338) at a current $XRP price of $2.39.

Of these wallets, numbers one through four still contain about 500 million $XRP and have never made any outbound transfers. Larsen received these funds as a founder’s gift in 2013. Wallet no. 5 has been in selling action during 2025, reducing its holdings from 500 million $XRP to a current 282 million $XRP.

Chris Larsen's Evernorth investment

At the week's start, Evernorth, a first-of-its-kind institutional vehicle built to accelerate $XRP adoption, announced it had entered a business agreement with Armada Acquisition Corp II — a transaction expected to raise over $1 billion, to create the largest public $XRP treasury company on the Nasdaq under "XRPN."

Ripple Chairman Chris Larsen participated in the transaction with a $50 million $XRP investment alongside SBI, Ripple, Rippleworks, Pantera Capital, Kraken and GSR.

In a tweet, Larsen hails the Evernorth launch as that which fills the missing link today in $XRP capital markets and $XRP usage in DeFi products, announcing an investment of $50 million derived from his $XRP wallets.