Tether's secondary market valuation could reach as high as $375 billion, potentially making its largest shareholder richer than Warren Buffett.

PANews reported on February 27th that, according to Forbes, secondary market trading suggests that stablecoin issuer Tether could be valued at as high as $375 billion, placing its owners among the world's richest people. Industry sources indicate that Tether is trading in the secondary market at a range of $350 billion to $375 billion. Based on conversations with cryptocurrency investors and executives, Forbes currently values ​​Tether at approximately $200 billion, still significantly higher than its $50 billion valuation a year ago.

Based on a $200 billion valuation, Chief Financial Officer Giancarlo Devasini, holding approximately 44-45% of the shares, would have a net worth of about $89 billion. CEO Paolo Ardoino and former CEO Jean-Louis van der Velde would each hold approximately 19%, with a combined net worth of about $38 billion. General Counsel Stuart Hoegner would hold approximately 12%, with a net worth of nearly $25 billion. If calculated using the lower end of the secondary market valuation of $350 billion, Devasini's shareholding would be worth over $156 billion, enough to place him among the world's top ten richest people, surpassing Warren Buffett's current net worth of $147.8 billion.