Coinbase CEO Brian Armstrong has been knocked out of the ranks of the world’s 500 wealthiest people. According to the Bloomberg Billionaires Index, Armstrong’s net worth has plummeted by over $10 billion from its peak of $17.7 billion just seven months ago. The 43-year-old executive’s fortune now stands at approximately $7.5 billion. HOT Stories The latest blow to Armstrong’s fortune was delivered by JPMorgan Chase & Co. Recently, the banking behemoth slashed its price target for Coinbase by 27%. You Might Also Like Coinbase shares have mirrored the broader sector's decline. The aforementioned downgrade has further contributed to volatility. A billionaire wipeout Obviously, Armstrong is not the only crypto billionaire hit by the market downturn. Cameron and Tyler Winklevoss have seen their respective net worths shrink to $1.9 billion each. The fortune of Galaxy CEO Mike Novogratz slid to $6.2 billion from a high of $10.3 billion. Strategy founder Michael Saylor has lost about two-thirds of his wealth since July 2025. His net worth now stands at $3.4 billion. Binance founder Changpeng Zhao is ranked 36th with a total net worth of $52.2 billion. His wealth is almost entirely tied to the valuation of the platform and his personal holdings of digital assets.