Chris Larsen Birthday Highlights
Birth Name
Place Of Birth San Francisco, USA Age 63 years old
Birth Date November 30 1960
Chris Larsen Facts
Child Star? no Occupation Business Executive, Angel Investor Education & Qualifications Stanford Graduate School of Business Net Worth $4,500,000,000
Current Partner Lyna Lam
About Chris LarsenChris Larsen is a business executive, mortgage lender, and angel investor.Chris Larsen is also a philanthropist. He founded the Chris Larsen Scholarship Fund in San Francisco State University in the early 2000s, and the institution recognized him as Alumnus of the Year in 2004.Chris Larsen paved his own way to success for others to follow. After graduating with a Bachelor of Science in International Business and Accounting from San Francisco University, he co-founded many Silicon Valley technology firms. At present, he is the executive chairman of Ripple Labs, Inc.Chris Larsen’s Net Worth, Earnings & Spending HabitsWhat is Chris Larsen’s net worth?Chris Larsen’s net worth is estimated to be about $4.5 billion.How much does Chris Larsen earn per year?Details about the yearly earnings of Chris Larsen are not available.Height, Age & Physical AttributesHow tall is Chris Larsen?No records were found regarding the height of this angel investor.How old is Chris Larsen?Born in 1960, Chris Larsen is 61 years old as of 2021.Childhood And EducationIn the year 1960, Chris Larsen was born in San Francisco, California, in the United States. Chris Larsen’s mother worked as a graphic designer, and his father worked for United Airlines at the San Francisco International Airport as an aircraft mechanic. Not much information is known to the public about his early life. Larsen joined State University in San Francisco after high school and graduated with a B.S. in the field of Accounting and International Business in 1984. After that, he began working for Chevron, performing corporate audits in Indonesia, Ecuador, and Brazil. In 1991, he received an M.B.A. from Stanford Graduate School of Business.Family, Romance, And RelationshipsWho is Chris Larsen’s partner?Lyna Lam is Chris Larsen’s wife. Again, not much is known to the public about his personal life though he lives in San Francisco.Career And Professional HighlightsBest Known For…In the early ’90s, Chris Larsen began working for a mortgage company in California’s Palo Alto. He resigned from this job in 1992 and co-founded a mortgage company with his friend Janina Pawlowski. They focused on the creation of a mortgage business website by 1996. Larsen and Pawlowski were both fed up with the mortgage financing sector and saw the internet as a means to avoid brokerage commissions and other expenses.In 1997, the website, E-Loan, was available to the people, and it became one of the first online mortgage business companies in America. Borrowers could use the site to seek and compare loans with no commission to brokers, mortgage lenders, or sales representatives. In the future, this website would also offer full car loans and home equity loans. E-Loan was having financial difficulties by 1998. After serving as the CEO during the first two years, Pawlowski offered to trade jobs with Larsen in 1998, taking over the functions of president that Larsen had previously held. In 1998, Yahoo CEO Timothy Koogle proposed a $25 million agreement to buy a 23% stake in E-Loan’s stock. E-Loan obtained venture money from Softbank and Sequoia Capital in addition to working with Yahoo. E-Loan had total annual revenue of $6.8 million in 1998, and Larsen offered Pawlowski the post of CEO again the following year, though she chose to remain the president.E-Loan registered for an IPO in late March 1999, and the company went public in June of that year. Larsen served as both CEO and chairman of E-Loan, which had a market value of roughly $1 billion in February 2000. During his time at E-Loan, this company was the first to make FICO credit ratings available to customers for free.Chris Larsen has described himself as extremely pro-consumer, and he was an outspoken proponent in the early 2000s. He often spoke about financial privacy in California. Despite widespread public support, pro-business MPs initially blocked the initiative. Larsen responded by co-founding the Californians for Privacy Now coalition and donating $1 million of his own money to help fund the initiative. Larsen was the driving force behind gathering 6 million signatures in favor of Speier’s bill, which was nearly double the amount needed to send a referendum to state voters. The signatures, coupled with Consumer Watchdog’s lobbying efforts throughout 2002, convinced large financial institutions and legislators to drop their reservations, and the measure was passed in August 2003.Since its founding, E-Loan had sold approximately $18.9 billion in consumer loans by 2004, and the company had been profitable for eight consecutive quarters. Larsen remained Chairman till E-Loan was purchased and taken over by Banco Popular in 2005.John Witchel and Chris Larsen together co-founded a company called Prosper Marketplace in 2005 and Larsen became the CEO of this company. Prosper had a variable rate approach from 2006 to 2009, operating as an eBay-style auction site marketplace where lenders and borrowers determined loan rates using a Dutch auction-style system. Prosper also published borrowers’ credit scores and validates borrowers’ identities and certain personal information. Prosper had helped fund over $120 million in loans by 2008, with an average loan value of $7,000. Prosper was awarded to Fast Company’s Fast Fifty Listing of the most innovative firms of the year in 2008.The company quickly encountered regulatory pushback from the Securities & Exchange Commission (SEC), as present lending restrictions were geared toward traditional banks rather than internet entrepreneurs. In 2008, Prosper filed its first application with the SEC, shifting its business strategy to pre-set rates based on an algorithm that assesses each potential borrower’s credit risk. Prosper had arranged $271 million in peer-to-peer loans by the end of the year, and the company had raised $74.5 million from investors including Omidyar Network, Jim Breyer, Nigel Morris, Tim Draper, and Court Coursey. Larsen announced his resignation from his position as the CEO on March 15, 2012. However, he remains Chairman of Prosper.In September 2012, Larsen co-founded OpenCoin and the business began developing Ripple, a new payment technology based on a notion proposed by Ryan Fugger. The Ripple protocol allows money to be transferred instantly and directly between two parties. As a result, the protocol can avoid taxes and wait times associated with traditional correspondent banking. Any currency, even gold, airline miles, and rupees, can be exchanged.Larsen, together with OpenCoin, built Ripple to rely on a single ledger maintained by a network of independent authenticating servers that regularly compare their transaction records in order to preserve security. Anyone, even banks and market makers, can own a server. The company also developed its own digital currency in the same vein as Bitcoin, intending to allow financial institutions to send money with little fees and wait time. On May 14, in the year 2013, OpenCoin had announced the approval of the second fundraising, with Google Ventures, Andreessen Horowitz, and IDG Capital Partners.Larsen remained executive chairman of OpenCoin, which was renamed Ripple Labs, Inc. in September 2013. It is speculated that Larsen left Ripple but he has a 17% stake in the company. Ripple is the business that created the Ripple blockchain technology and the XRP cryptocurrency. Ripple Labs was recognized as one of MIT Technology Review’s 50 Smartest Companies. Ripple Labs was ranked No. 4 on Fast Company’s list of the World’s Top Ten Most Innovative Companies in Money for 2015.Chris Larsen is well known as a corporate executive, mortgage lender, and angel investor who is best known as co-founder of many Silicon Valley technology firms, one of which is focused on peer-to-peer lending.Charity WorkWith financing from one of the foundations, Lyna Lam and Chris Larsen, an award was created in January 2020 to recognize actionable ideas that can enhance the lives of refugees and displaced populations over time.San Francisco-Marin Food Bank, Loaves & Fishes Family Kitchen, Second Harvest of Silicon Valley, Alameda County Community Food Bank, and Samaritan House received $1 million as a donation from Chris Larsen and Ripple.What awards has Chris Larsen won?Chris Larsen, a well-known business executive, mortgage lender, and angel investor, paved his own way to success for others to follow. There is no information on what awards he has won.Chris Larsen’s Hobbies And InterestsChris Larsen is a very private person and keeps his personal life away from the public eye.Other Interesting Chris Larsen Facts And TriviaWithout Chris Larsen, California’s financial privacy statute, which serves as a basis for the rest of the country, would never have been a reality, according to assemblywoman Jackie Speier.According to the list published by Forbes, Larsen is one of the world’s top 400 richest persons. Larsen’s net worth was estimated to be $59 billion on January 4, 2018, briefly pushing him above Mark Zuckerberg and even into the fifth position on Forbes’ list of the world’s wealthiest individuals.Ripple, after Bitcoin, was the foremost cryptocurrency by market valuation in 2014.Larsen and Pawlowski relocated from their modest Palo Alto workplace to a bigger low-rent facility in neighboring Dublin to manage the E-Loan project after initially receiving $450,000 in finance from friends and family.We would love your help! If you have a photo of Chris Larsen, either of them alone or a selfie that you would be happy to share, please send it to [email protected].If you have knowledge or information that you think would help us improve this article, please contact us.
Chris Larsen Birthday Highlights
Birth Name
Place Of Birth San Francisco, USA Age 63 years old
Birth Date November 30 1960
Chris Larsen Facts
Child Star? no Occupation Business Executive, Angel Investor Education & Qualifications Stanford Graduate School of Business Net Worth $4,500,000,000
Current Partner Lyna Lam
Chris Larsen is a business executive, mortgage lender, and angel investor.
Chris Larsen Birthday Highlights
Birth Name
Place Of Birth San Francisco, USA Age 63 years old
Birth Date November 30 1960
Chris Larsen Birthday Highlights
Birth Name
Place Of Birth San Francisco, USA Age 63 years old
Birth Date November 30 1960
Birth Name
Place Of Birth San Francisco, USA Age 63 years old
Birth Date November 30 1960
Birth Name
Place Of Birth San Francisco, USA Age 63 years old
Birth Date November 30 1960
Chris Larsen Facts
Child Star? no Occupation Business Executive, Angel Investor Education & Qualifications Stanford Graduate School of Business Net Worth $4,500,000,000
Current Partner Lyna Lam
Chris Larsen Facts
Child Star? no Occupation Business Executive, Angel Investor Education & Qualifications Stanford Graduate School of Business Net Worth $4,500,000,000
Current Partner Lyna Lam
Child Star? no Occupation Business Executive, Angel Investor Education & Qualifications Stanford Graduate School of Business Net Worth $4,500,000,000
Current Partner Lyna Lam
Child Star? no Occupation Business Executive, Angel Investor Education & Qualifications Stanford Graduate School of Business Net Worth $4,500,000,000
Current Partner Lyna Lam
