Tether assessment in USD $ 500,000 million will make its director richer than buffett

By Hannah Pérez

The fortune of Giancarlo Devasini, financial director of TetherUSD $ 224,000 million will rise in case of an increase in the valuation of the company, according to Bloomberg. Ardoino will be among the richest 20 in the world.

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• The fortune of Giancarlo Devasini, financial director of TetherUSD $ 224,000 million will rise.
• If Tether is valued at USD $ 500 billion, Devasini will be richer than Warren Buffett.
• The CEO, Paolo Ardoino, will be located in the top 20 of billionaires, along with Musk, Bezos and Zuckerberg.
• It is reported that Tether seeks to raise up to USD $ 20,000 million, which would massively raise its valuation.

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Tether It could soon make its main executives some of the richest men in the world.

A report from Bloomberg Posted this week, revealed that Tether Holdingsthe main issuer of Stablecoins In the world, it is in negotiations to reach an assessment of 500,000 million dollars through the sale of new shareholdings for a value of between 15,000 and 20,000 million dollars.

This operation, according to shared calculations based on the index of millionaires of Bloombergcould raise the fortune of Giancarlo devasini, financial director and main shareholder of Tetherat approximately 224,000 million dollarspositioning it as the fifth richest person in the world, surpassing the legendary investor Warren Buffett, CEO of Berkshire Hathaway.

The potential multimillionaire valuation would place the company at the level of private technological giants such as OpenAI and Spacex, consolidating its influence on the digital financial ecosystem.

Devasini, a 61 -year -old Italian businessman, has been a key figure in the rise of Tetherwhose Stablecoin USDT dominates the cryptocurrency market with a capitalization exceeding 170,000 million dollars.

Initially formed as a doctor in Italy, Devasini invested in the exchange Bitfinex After being interested in cryptocurrencies and finally became his de facto boss. According to Forbesits current assets are estimated at 22.4 billion dollars, mainly derived from its 47% participation in Tether.

Tether will turn its directors into billionaires

If this assessment was completed, Devasini would not only exceed Buffett, but would be behind magnates such as Elon Musk, Larry Ellison, Mark Zuckerberg and Jeff Bezos among the figures with the greatest global wealth. And it would not be the only one to climb in the ranking.

According to the calculations of Bloombergthe valuation of USD $ 500,000 million would raise the fortune of CEO, Pablo Ardoino and his predecessor, Jean-Louis van der Veldeabout 95 billion dollarswhich would place them among the 20 richest people, based on the aforementioned index. A fourth shareholder, Stuart Hoegner, would be worth more than USD $ 60 billion, the coverage added.

Sources close to negotiations of Tether They highlight the interest of investors in capitalizing the growth of the USDT station, promoted by the high yields of its asset reserves.

Tether reported a record gain of USD $ 4.9 billion in the second quarter of 2025, partly thanks to its asset diversification strategy, which includes reservations of Bitcoin and gold, and its recent investments in a wide range of sectors that include AI, biotechnology, renewable energies, cryptocurrency mining, communications and more.

The company has faced criticism for the opacity in the support of USDT and past scandals, such as the use of its reservations to stabilize the platform Bitfinex In 2018, where Devasini also plays a managerial role.

This milestone underlines the transformative impact of cryptocurrencies on the accumulation of wealth, even for discrete figures such as Devasini, who operates from offices in London and the French Riviera.

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Article written with the help of AI, edited by Diariobitcoin

Image generated with AI tool, under free use license

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