Coinbase CEO falls off list of world's 500 richest people

Coinbase CEO Brian Armstrong has been dropped from the list of the world's 500 richest people, Bloomberg reported. The move comes as his net worth fell from $17.7 billion to $7.5 billion amid a sharp drop in cryptocurrency prices. Gemini co-founders the Winklevoss twins, Galaxy Digital CEO Michael Novogratz, and MicroStrategy founder Michael Saylor were also dropped from the list.