Being the founder and CEO of Digital Currency Group, a venture capital business that finances Bitcoin-related firms, Barry Silbert is a well-known name in the cryptocurrency industry. In addition, he founded Grayscale Investments, an asset management firm that offers institutional investors products tied to cryptocurrencies.

Based on his ownership stake in Grayscale Investments and the investment portfolio of Digital Currency Group, Silbert’s estimated net worth as of 2023 is $3 billion. It’s crucial to keep in mind that this number could change given the controversy surrounding DCG and Genesis and their possible insolvency.

 

Barry Silbert Net Worth

Barry Silbert is thought to be worth more than $3 billion, making him one of the richest people in the crypto space. He acquired the majority of his wealth by founding Digital Currency Group (DCG), which he founded after selling his business SecondMarket to NASDAQ.

Barry Silbert controls a sizable portion of Grayscale Investments, one of Digital Currency Group’s (DCG) companies, in addition to 10% of DCG. Based on the company’s most recent investment round, in which it raised $500, while the market value of DCG is a whopping $3.8 billion.

 

How did Barry Silbert Maker his Money?

Barry Silbert’s phenomenal increase in net worth can be attributed in large part to his early entry into the cryptocurrency industry. Barry was a complete game changer, because he was among the first important institutional players to invest heavily in the crypto markets, Bitcoin in particular. In 2014, he began to invest money through Digital Currency Group and his venture firm.

With an astonishing $38.6 billion in assets under management, Digital Currency Group (DCG) has solidified a strong foothold in the cryptocurrency sector.

Assets held by its numerous investment vehicles, including Grayscale Investments, Foundry Digital, and CoinDesk, are included in this hefty sum.

Due to the astronomical growth of the cryptocurrency sector in recent years, DCG’s assets under management have seen significant growth. To put things in perspective, DCG only managed $1 billion in assets in 2017.

Despite a minor decline in assets under management over the past year as a result of a slowdown in the cryptocurrency market, DCG continues to rank among the largest institutional investors in the sector.

Grayscale Investments provides access to Bitcoin, Ethereum, and other cryptocurrencies through a wide selection of investment options.

Foundry Digital, a DCG-backed company that manages $1.8 billion in digital asset mining, makes up a sizable portion of the company’s portfolio. Foundry Digital runs a network of Bitcoin mining equipment, which helps to produce Bitcoin.

At a relatively young age, his early investments and bets on the crypto currency ecosystem are what ultimately drove his net worth into the billions.

 

Barry Silbert Background

Silbert grew up in Riverdale, New York, where he was born in 1976. He earned a degree in finance from the University of Pennsylvania’s Wharton School in 1998.

After graduating from college, Silbert worked as a research analyst for the investment bank Houlihan Lokey Howard & Zukin. Later, he established SecondMarket, a website for trading illiquid assets including stock in private companies and interests in venture capital funds.

SecondMarket’s notable success (and subsequent sale to NASDAQ in 2015) served as a showcase for Silbert’s entrepreneurship and his capacity to spot uncommon opportunities.

Silbert started showing a strong interest in Bitcoin and the potential of blockchain technology while working with SecondMarket.

He began investing in businesses connected to Bitcoin as he saw how disruptive these technologies may be. After SecondMarket was sold to NASDAQ in 2015, Digital Currency Group (DCG) was established.

Grayscale and the Bitcoin Investment Trust, a private investment entity that enables accredited investors to access the price movement of Bitcoin without having to buy or hold the virtual currency themselves, were introduced by Silbert in 2014.