Chris Larsen is an American fintech entrepreneur and the cofounder and executive chairman of Ripple, the blockchain payments company behind XRP. Forbes currently estimates his net worth at about $11.4 billion, with most of his fortune tied to cryptocurrency and his Ripple holdings. Before Ripple, Larsen cofounded online mortgage lender E-Loan and peer-to-peer lender Prosper.
August 2026 Updates
Larsen contributed an additional $10 million to Building a Better California, the group fighting California’s proposed one-time 5% billionaire wealth tax, substantially increasing his financial commitment to defeating Proposition 40.
Larsen had already put $2.5 million into Building a Better California and $5 million into Golden State Promise, another organization directly opposing the billionaire tax; Ripple separately contributed another $5 million to Golden State Promise.
Larsen emerged as one of California’s biggest political spenders, putting about $26 million into three Super PACs aimed at influencing state and local races, including $15 million for Grow California and more than $1 million toward a PAC supporting insurance commissioner candidate Ben Allen.
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