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Coinbase (NASDAQ:COIN) CEO Brian Armstrong is no longer among the world’s 500 richest people, according to Bloomberg.

Armstrong dropped out of the ranking as his wealth has fallen by over $10 billion in the past seven months, from a peak of $17.7 billion in July to about $7.5 billion, the outlet reported Tuesday.

The majority of Armstrong’s wealth is tied to his Coinbase stake. The company’s stock closed at $141.09 on Thursday, down nearly 70% from its record high of $444.65 in July, amid tough cryptocurrency market conditions.

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