Coinbase CEO's net worth falls out of the top 500 billionaires list

According to The Street, the chain reaction from October 11, 2025, continues to reverberate in the crypto market. Today, these impacts are also reshaping the global billionaire rankings. Following a significant drop in digital asset prices and Coinbase's stock price, Coinbase CEO Brian Armstrong is no longer among the top 500 billionaires in the Bloomberg Billionaires Index.

Armstrong's net worth has fallen by over $10 billion from a peak of approximately $17.7 billion. The Bloomberg Billionaires Index currently estimates his wealth at around $7.5 billion, which has caused him to drop out of the global top 500 billionaire list.

This decline is highly correlated with Coinbase's stock performance. As of the time of writing, COIN's stock price has dropped about 64% from its peak of $419 on July 18, 2025. Meanwhile, Bitcoin has also fallen by about half since the beginning of October.