So, picture this: David Schwartz, Ripple’s CTO Emeritus, was feeling like an “investment genius” after selling 40,000 ETH when it was trading at a measly $1.05. Because nothing says “I’m a financial wizard” like cashing out when the market’s still in the toilet. And guess what? He was personally invited by Ethereum’s Buterin to join the “red-hot altcoin” launch. Because nothing says “trust me” like a guy who’s already rich and wants to give you 20 BTC to buy his crypto.
Turns out, Schwartz’s plan to “support the project” involved handing over 20 BTC, which he then used to buy 40,000 ETH. Because why not? That’s the kind of confidence that makes you wonder if he’s a genius or just really good at playing the lottery.
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Fast forward: Schwartz bought those ETH at $0.311 and walked away with a 321% return. That’s $42,000, which he used to buy solar panels for his Oakland home. Because nothing says “I’m a green energy pioneer” like installing solar panels… and then immediately selling the house.
But here’s the twist: Schwartz doesn’t even own that house anymore, according to his latest tweet. Because nothing says “I’m a responsible adult” like buying a house, installing solar panels, and then ghosting it.
Schwartz’s current net worth
Let’s talk about his net worth. Schwartz is the only Ripple exec who shares his crypto holdings like it’s a TikTok trend. He’s got BTC, ETH, and a bunch of altcoins. But the real question is: How much is he worth? $90 million? $500 million? Who knows! It all depends on Ripple’s stock, which is probably as stable as a Jenga tower made of glitter.
Oh, and he once held 20 million XRPs. But now he’s got a 2% stake in the company instead. Because nothing says “I’m a loyal employee” like taking a percentage of the company’s profits instead of holding their cryptocurrency.
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2026-03-01 13:13