Published Wed, Feb 11, 2026 · 06:42 AM

[SAN FRANCISCO] Coinbase Global chief executive officer Brian Armstrong, whose fortune has dropped by more than half since July, is no longer among the world’s 500 richest people as crypto prices have tumbled.

Armstrong’s wealth has fallen by more than US$10 billion since peaking seven months ago at US$17.7 billion, according to the Bloomberg Billionaires Index. The latest drop to Armstrong’s fortune came after JPMorgan Chase cut its price target for Coinbase by 27 per cent on Tuesday (Feb 10), citing “softness in crypto prices”, lower trading volumes and slow stablecoin growth.

The stock’s roller-coaster ride has mirrored Bitcoin’s volatility, with shares of the cryptocurrency trading…