Tether Secondary Market Valuation Reaches $350-375 Billion, Executives' Wealth May Enter Global Rich List

February 27th — Forbes reports that stablecoin issuer Tether’s recent secondary market valuation ranges from $350 billion to $375 billion, a figure that could drive a significant jump in the wealth of its core shareholders. Forbes currently values Tether at approximately $200 billion (based on market interviews)—down from over $500 billion a year ago. At this valuation: - CFO Giancarlo Devasini (holding ~44–45% of the company) has a net worth of roughly $89 billion. - CEO Paolo Ardoino and former CEO Jean-Louis van der Velde (each with ~19% stakes) are valued at ~$38 billion apiece. - Chief Legal Officer Stuart Hoegner (with ~12% ownership) has a net worth of ~$25 billion. If calculated at a $350 billion valuation, Devasini’s stake would exceed $156 billion—surpassing Warren Buffett’s current net worth of ~$147.8 billion. Key operational metrics from Tether: - Unaudited annual profit last year: ~$10 billion. - USDT market capitalization: ~$184 billion. - Over 80% of reserve assets: U.S. Treasuries and short-term securities. - Holdings: ~$23 billion in gold, ~$6.4 billion in Bitcoin. - Venture capital portfolio: Over 120 companies, with a total value exceeding $10 billion. Additionally, Tether is ramping up its U.S. market expansion: It has launched the compliant stablecoin USAT and tapped former White House crypto czar Bo Hines as its U.S. Business CEO. Amid intensifying stablecoin competition and stricter U.S. regulations, this push is viewed as a critical move to boost institutional credibility and policy influence.