Tether plans to raise $20 billion with a valuation of $500 billion! The chairman's wealth may exceed that of Buffett.On September 24, 2025, according to Bloomberg, Tether Holdings plans to raise $15-20 billion by selling about 3% of its equity through a private sale, valuing the company at $500 billion, comparable to giants like OpenAI and SpaceX. Bloomberg's Billionaires Index calculates that if the deal goes through, Chairman Giancarlo Devasini's wealth will reach $224 billion, ranking fifth in the world, only behind Elon Musk and three others; CEO Paolo Ardoino and former Jean-Louis van der Velde will each have about $95 billion, and Stuart Hoegner over $60 billion. This transaction will result in all four Tether shareholders being worth more than CZ's $52 billion, highlighting the explosive potential of the stablecoin industry, but Cantor Fitzgerald, as an advisor, holding 5% of the shares may receive a return of $25 billion, and early negotiation details may change.
MarketWhisper·09-25 03:24