Ripple Labs CEO Brad Garlinghouse is getting exponentially richer as XRP price soars. Reports say that his net worth has now got up to about $10 billion. This comes as Ripple’s XRP digital currency hits higher highs, following the latest climb to $2.51 and becoming the third biggest cryptocurrency after Bitcoin and Ethereum.
The fact that they have recently won a legal victory is almost one of the biggest reasons for XRP success. It had been a long battle for Ripple Labs against the U.S. Securities and Exchange Commission for four years. XRP was won by the SEC when they claimed that it was a security and dropped the lawsuit after years of legal fights. Ripple was happy to score this incredible win which gave back confidence to the XRP investors.
In addition, Ripple is developing more attention from the USA government. XRP has now been included in the country’s strategic crypto reserve by President Donald Trump. Additionally, conversations about an XRP exchange-traded fund (ETF) launching before the end of 2025 could take its price even higher.
Given all this success, however, some experts are puzzled as to why Ripple has not yet reported on the group’s financial earnings. In the future the SEC might investigate this. However, Garlinghouse is convinced and even welcomes the probability that Ripple goes public with an IPO.
As long as the wave continues to grow, the future is bright for Ripple, XRP and its CEO who comes out of a hard struggle.
Also read: Japan Takes Bold Step to Reform Crypto Rules for Stablecoins and Brokerages
