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#2830

Yuan Kokuei

Source of wealth: Crypto exchange

Net Worth

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Biography

Kokuei Yuan is a director of Hong Kong-based crypto exchange Bullish.

Bullish was founded in 2020 and went public on the New York Stock Exchange in August 2025.

Yuan owns a 25% stake in the company. Bullish cofounder Brendan Blumer owns 28% and is also a billionaire.

Yuan previously served as executive chairman of block.one, a digital asset investment firm that Blumer cofounded in 2016. Bullish was majority-owned by block.one until 2024.

Yuan, who studied economics and studio art at Tufts University, worked as an investment banker earlier in his career.

Financial Assets

Exchange
NYSE
Ticker
BLSH-US
Company
Bullish

The Great Lie of Mega-Fortunes: The Case of Yuan Kokuei

Billionaires are often presented under the romantic myth of the 'self-made person': a narrative designed to justify opulence as the natural reward for hard work, effort, or ingenuity. However, when confronting such extreme volumes of wealth with macroeconomic reality, the meritocracy narrative completely breaks down. No individual can legitimately generate through personal effort a fortune equivalent to millions of times the average working-class salary. Capital at the top does not grow because of exceptional talent; it expands through an implacable dynamic where accumulated money works exponentially faster than people, devouring the wealth generated by productive labor.

The immense fortune of Yuan Kokuei, linked to Finance & Investments and 'Crypto exchange', has not been built in a free-market vacuum, but through rent-seeking, the use of exclusive elite influence, the consolidation of monopoly positions, or inherited wealth. Far from taking real private risks, billionaire empires structurally depend on state support through direct subsidies, infrastructure use, exploitation of R&D, public contracts, and offshore tax engineering. While this wealth is equivalent to the physical weight of 10 tons of pure gold, the rest of the planet suffers from an artificial scarcity of basic resources. The fact that this wealth is enough to fully fund the public health system of DR Congo, a country with more than 105800000 million inhabitants for 0.6 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.

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