Tether's secondary market valuation could reach $375 billion, and its largest shareholder may surpass Buffett in wealth

According to Forbes, the valuation of stablecoin issuer Tether could be as high as $375 billion, which would place its owners among the wealthiest in the world.

Industry insiders say that Tether's trading price range in the secondary market is between $350 billion and $375 billion. Based on communications with cryptocurrency investors and executives, Forbes currently estimates Tether's valuation at around $200 billion, still significantly higher than the $50 billion valuation a year ago.

At a $200 billion valuation, Chief Financial Officer Giancarlo Devasini, who holds approximately 44-45% of the shares, would have a fortune of about $89 billion. Chief Executive Officer Paolo Ardoino and former CEO Jean-Louis van der Velde each hold about 19% of the shares, with their net worth around $38 billion; General Counsel Stuart Hoegner holds about 12%, with a net worth of nearly $25 billion.

If calculated at the lower end of the secondary market valuation of $350 billion, Devasini's shareholding would be worth over $156 billion, enough to rank him among the top ten wealthiest individuals in the world, surpassing Buffett's current net worth of $147.8 billion.