- Tether may be involved in a potential $500B deal
- Giancarlo Devasini’s net worth could jump to $224B
- He could become the world’s 5th-richest person
Tether Chairman Could Overtake Buffett in Wealth
In a surprising development reported by Bloomberg, a potential $500 billion deal involving Tether could skyrocket the net worth of its Chairman, Giancarlo Devasini, to an estimated $224 billion. If realized, this would make him the fifth-richest person in the world, pushing him ahead of investment legend Warren Buffett.
The revelation highlights how deeply entrenched crypto leaders are becoming in the global financial hierarchy — and how crypto itself is evolving into a trillion-dollar industry with power players rivaling Wall Street’s biggest names.
A Closer Look at the $500B Tether Deal
While details of the deal remain confidential, sources close to the matter suggest it could involve a large-scale partnership or asset movement, possibly linked to sovereign funds or institutional investments involving Tether’s USDT stablecoin. With Tether already commanding over $83 billion in circulating USDT, any strategic expansion or new issuance deal on this scale could dramatically increase both revenues and asset valuations.
Devasini, a former surgeon-turned-tech-entrepreneur, has long remained behind the scenes. But this potential deal — if completed — could cement his status not just in crypto, but in global finance.
Crypto Billionaires Are on the Rise
This potential shift underscores a larger trend: crypto billionaires are emerging as major economic forces. From Binance’s CZ to Ethereum ’s Vitalik Buterin, and now possibly Devasini, the decentralized finance world is producing some of the wealthiest and most influential individuals on the planet.
As the crypto sector matures and attracts large institutional investments, stories like this are becoming less surprising — and more a sign of things to come.
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