Giancarlo Devasini Biography: Age, Net Worth, Children, Wife, Parents, Height, Ethnicity, Family
Giancarlo Devasini is an Italian businessman and former physician, best known as the co-founder of Tether and the chief financial officer of the Bitfinex cryptocurrency exchange. His net worth is $89.3 billion, making him Italy’s richest person.
Born in Turin in 1964 and raised in the Casale Monferrato area, Devasini graduated in medicine from the University of Milan in 1990 and began his career as a cosmetic surgeon.
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He soon moved into the computer industry, founding several companies that distributed computer components, and sold his business shortly before the 2008 financial crisis.
Devasini entered the crypto industry in 2012 by helping found Bitfinex. Two years later, he co-founded Tether with Paolo Ardoino, the issuer of USDT, the world’s largest stablecoin, which is designed to hold a value close to one US dollar.
Devasini owns around 45% of Tether and is widely seen as the strategist behind the company, while Ardoino, its CEO, serves as its public face.
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| Wiki Facts & About Data | |
| Name: | Giancarlo Devasini |
| Born: | April 30, 1964 (age 62 years old) |
| Place of Birth: | Turin, Italy |
| Nationality: | Italian |
| Ethnicity: | Italian |
| Education: | Medicine, University of Milan |
| Religion: | Christianity |
| Parents: | Mr. and Mrs. Devasini |
| Occupation: | Businessman, Former Physician, Chief Financial Officer |
| Net Worth: | $89.3 billion |
Early Life & Education
Giancarlo Devasini was born on April 30, 1964, in Turin, Italy, and his zodiac sign is Taurus. He grew up in Casale Monferrato, a town in the Piedmont region of northern Italy.
He is Italian by ethnicity and Christian by religion, following the Roman Catholic tradition most common in Italy.
His parents are Mr. and Mrs. Devasini, and details about their lives and occupations have not been made public. Devasini’s siblings are not publicly confirmed, and he has never spoken openly about his family background.
Devasini studied medicine at the University of Milan, graduating in 1990. He trained as a physician, specialized in plastic surgery, and practiced as a cosmetic surgeon for about two years before leaving medicine for the computer industry.
Career
After leaving medicine in the early 1990s, Giancarlo Devasini moved into the computer industry and founded several companies distributing computer components.
One of them, Solo, became a DRAM market pioneer, building a profitable business around sorting, evaluating, and reselling memory chips. He sold the company shortly before the 2008 financial crisis and stepped away from business for a time. He later tried his hand at home food delivery through a venture called Delitzia.
Devasini entered the cryptocurrency world in 2012, when he helped found Bitfinex, a digital asset trading platform, and became its chief financial officer. The exchange grew into one of the industry’s largest, and Devasini became the financial mind steering its operations.
In 2014, he co-founded Tether with Paolo Ardoino, who had joined Bitfinex as a developer and later became chief technology officer; it was originally launched as Realcoin and renamed later that year. The company issues USDT, a stablecoin designed to hold a value close to one US dollar, which grew into the world’s largest stablecoin by market capitalization.
When Bitfinex ran into financial difficulties in 2018, Devasini used Tether’s reserves to keep the exchange afloat, a move that drew heavy scrutiny from regulators and industry critics. Tether continued to expand regardless, and Ardoino became its chief executive and public face. At the same time, Devasini stayed largely out of the spotlight as chairman and the strategist behind the company’s finances.
Under his financial leadership, Tether diversified beyond stablecoins into sport, entertainment, and other investments, including a shareholding in the Italian football club Juventus. A fundraising round valued Tether at around $200 billion, and Devasini’s roughly 45% stake pushed him past Ferrero chairman Giovanni Ferrero to the top of the Forbes ranking of the richest people in Italy.
Personal Life
Giancarlo Devasini is 62 years old, born on April 30, 1964. Despite his enormous wealth, he keeps his private life tightly guarded and rarely gives interviews, leaving Paolo Ardoino to handle most of Tether’s public communication.
Devasini’s marital status has not been publicly confirmed, and no wife or past marriages have been documented in any reliable source. His children are also not publicly confirmed, and he has never spoken about having a family.
His height has not been publicly confirmed. His dating history is likewise not publicly documented, as Devasini has never been linked to any partner in the media and has kept his relationships out of the spotlight.
Net Worth
Giancarlo Devasini has a net worth of $89.3 billion, making him Italy’s richest person and one of the world’s wealthiest.
He derives almost all of his fortune from his roughly 45% stake in Tether, the issuer of the USDT stablecoin, which was valued at around $200 billion after its latest fundraising round.
His earlier business ventures, including selling his computer components company Solo shortly before the 2008 financial crisis, gave him the capital to enter the crypto industry. His role at Bitfinex and his shareholding in Juventus add to his wealth, though Tether remains the engine behind it.
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