BlockBeats News, September 25th, according to Bloomberg, an ongoing deal under discussion would make stablecoin issuer Tether Holdings one of the world's most valuable private companies and propel its owners' wealth to new heights.
Based on the calculations of the Bloomberg Billionaires Index, if Tether successfully reaches a $500 billion valuation, the company's chairman, Giancarlo Devasini, would have a net worth close to $224 billion. This would make him the fifth richest person in the world, behind only Elon Musk, Larry Ellison, Mark Zuckerberg, and Jeff Bezos, and ahead of Berkshire Hathaway chairman Warren Buffett by several digits.