If you follow crypto news regularly, you would’ve observed that the name “Brad Garlinghouse” comes up in it frequently. The ongoing XRP lawsuit proceedings of his fintech company, Ripple, are the major reason for that.

Brad Garlinghouse is a well-known and influential personality in the crypto industry. He is popular for his roles as CEO at Ripple and Hightail, senior positions at AOL and Yahoo. Brad is one of the strongest advocates of cryptocurrencies and believes in blockchain to enable efficient payment transactions. We will find out more about Garlinghouse and Ripple in the present article.

Brad Garlinghouse Biography

Early Education and Career of Brad Garlinghouse

Brad Garlinghouse graduated from University of Kansas with a BA degree and Harvard Business School with an MBA. Having strong foundations about business management, Garlinghouse worked with major companies in senior positions.

Garlinghouse began his career at Home Network and Ventures and then joined Dialpad as a CEO in 2000. After serving for 3 years there, he worked as a Senior Vice President at Yahoo! and ran its Homepage and Messenger divisions, where he authored an internal memo titled “Peanut Butter Manifesto”. Later, he worked in major companies like AOL and startup company, Animoto before joining Hightail as a CEO in 2014.

Brad Garlinghouse: Ripple CEO

When Chris Larsen explained the idea of Ripple to Brad, he joined the company as COO in 2015, without any second thoughts. Ripple is a blockchain-based remittance payment network that enables efficient cross-border payments and has a native cryptocurrency, XRP. Brad was promoted to CEO in 2016 based on his hard work and dedication to the company. 

RippleNet global payment network connects financial institutions and banks to facilitate cheaper and faster payments in real time. The company raised over $200 million from its series C funding from major ventures in 2019. However, the US SEC filed a lawsuit against Ripple, its Co-founder Chris Larsen, and CEO Brad Garlinghouse, claiming that the company violated securities laws in 2020. 

In one of his interviews, Brad Garlinghouse stated that Ripple’s transparency has opened them to attack. He publicly called out the lack of clarity from the US SEC on crypto regulation multiple times. After a series of court proceedings, Judge Analisa Torres ruled that XRP is not a security when sold to retail investors on crypto exchange platforms in July 2023. 

Though the XRP lawsuit is not over, Torres ruled the case in favor of Ripple. The final verdict is yet to be made in the next court proceeding that is expected to take place in 2024. Learn about the Ripple vs SEC recent updates on CoinGape. 

Brad Garlinghouse Net Worth and Personal Life

The crypto bear market affected the wealth of many promising individuals in the space including Brad Garlinghouse. The net worth of Brad Garlinghouse is estimated to be $3 billion in 2023, which was close to $10 billion when XRP price hit an all-time high in 2018. A major part of his wealth comes from his major share of XRP tokens. Besides, he is also an active angel investor in more than 40 companies.

Brad Garlinghouse was born in Topeka, Kansas, United States and has a sibling named Meg Garlinghouse. He was married to his wife Kristen Elizabeth Mautner and has 3 children. Brad Garlinghouse resides in California, United States with his family.

Conclusion

Brad Garlinghouse is an American businessman, who became a popular influential figure in the crypto industry. He supports blockchain and crypto adoption and seeks regulational clarity from the US SEC. Despite having a traditional background, he is working relentlessly at Ripple for its growth and development.

Garlinghouse also advocates for cryptocurrencies at international conferences like the Linux Foundation and World Economic Forum. The final verdict on the XRP lawsuit can impact the entire crypto industry in terms of regulation and adoption. Do you think XRP wins the case?

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