Satoshi Nakamoto fell from the 20th richest billionaire in the world to 79th in 8 months.

In mid-November 2021, the inventor of Bitcoin - Satoshi Nakamoto - was one of the richest individuals on the planet, with more than $69 billion worth of Bitcoin, and was among the top 20 billionaires on Forbes' 2021 Billionaires list. It's been seven months since then, and the anonymous Bitcoin creator has fallen from the top 20 and now ranks 79th among the 100 richest people in the world. Satoshi Nakamoto's wealth has fallen by 70% - but the Bitcoin inventor remains among the 100 richest billionaires.

It is estimated that Bitcoin's creator, Satoshi Nakamoto, mined at least 600,000 to 700,000 bitcoins (BTC) during the blockchain's initial launch period. Higher estimates suggest that Nakamoto mined as many as 1.1 million Bitcoins using a single high-end computer. It is natural to say that Nakamoto has approximately one million Bitcoins, all branches that arose from the original creation.

This means that if Nakamoto still owned a stash of the coins, the net worth of the inventor's wallet would be worth more than $20.5 billion using today's bitcoin exchange rates. Today, Satoshi Nakamoto is among the 100 richest billionaires in the world, but there is a possibility that Nakamoto is more than one person. To this day, no one knows who Nakamoto is and whether he, she or they would spend an estimated 1 million bitcoins worth $20.5 billion today.

With a net worth of over $20.5 billion, Satoshi Nakamoto is the 79th richest person on the planet today. Nakamoto is just above billionaire Huang Shilin, vice president of Contemporary Amperex Technology (CATL). His business is one of the largest manufacturers of electric vehicle batteries in China, and Shilin's fortune is worth $20.3 billion today, according to the Forbes 2022 Billionaires list.

Just above Nakamoto is Jensen Huang, co-founder of chip maker Nvidia's graphics processing unit (GPU). In 2022, Huang is ranked the 78th richest person in the world, with Huang's net worth today standing at $20.6 billion. The managers of CATL and Nvidia saw their net worth increase when the value of Nakamoto's portfolio decreased. The difference between Nakamoto and billionaires Shilin and Huang is that after the net worth of the Bitcoin inventor decreased by more than 70% after the high level in mid-November 2021, the fortunes of Huang and Shilin increased.

The vice president of CATL has seen his net worth increase by 57.36% since last year and Huang's wealth has increased by 74.57% since 2021. In October, when Nakamoto was ranked 20th richest people, the Bitcoin inventor had not spent a penny of the crypto asset that was worth $60.9 billion at the time. The funds allegedly owned by Satoshi have never moved in the past 13 years, and many believe that the Bitcoin creator would not move BTC under any circumstances.

This is not the first time that Nakamoto's net worth has declined in this way, as it has decreased several times by 70-80% since the inception of Bitcoin.