The difference is clear. In the ranking published by Forbes, Giancarlo Devasini currently occupies the 21st placed between richest people in the world. Estimated assets: 89.3 billion dollars. Bloomberg is more cautious: position number 191 and assets estimated by 15.2 billion dollars. The measurement difference is also symbolic. If he had 89.3 billion dollars Devasini would become the richest man in Italy. With 15.2 billion instead the record would still be held by Ferrero family.
Now. The point is not just which ranking he made more accurate estimate. Bloomberg tends to be more cautious than Forbes. But the origin of Devasini’s heritage which according to both sources is grown a lot in the last few weeks.
The latest round of valuation: 500 billion dollars
News about Devasini’s private life there aren’t many. He was born in 1964studied medicine and worked as a plastic surgeon for a few years before dedicating himself to entrepreneurship. The turning point, however, was in 2014when he launched Tether. Just a brief overview: we are in the world of cryptocurrencies. Tether specifically is one stablecoinsa cryptocurrency that is tied to a stable price. Specifically, Tether is linked to American dollara reference currency for world markets. The code in the market is USDT.
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Devasini’s recent fortunes come precisely from strategies which Tether is following to grow and increase its valuation. According to Bloomberg, his goal is to reach one valuation of $500 billion. This is a figure published in the report Here Comes Tether by Ryan Weeks, Todd Gillespie and Annie Massa. We are talking about a very high threshold, which would lead Tether to become the third private company to the world. Private companies are companies that are not listed on the stock exchange.
To clarify: at the moment Tether is under giants like OpenAI And SpaceX. If it actually came to 500 billion dollars as an evaluation it would exceed Bytedancethe company he launched TikTok. Among other things, it would also be the only one of the top 10 private companies not to have its headquarters in the United States or China. And no, it is not in Italy: Tether has chosen it as its headquarters El Salvadorthe small country in Central America.
In any case, the fact that it is a private company and not a company listed on the stock exchange makes it more difficult to precisely establish its valuation and therefore also the heritage of Devasini. This may be one of the reasons that make the heritage of Devasini so different based on the charts.
All Tether investments in Italy: from the media to Juventus
In addition to raising funds, in recent years Tether has begun to also invest in other activities. In 2025 there were three investments in Italy. The first was in March: 11 million dollars in Be Watera media company he manages Chora and Will. The president is Guido Maria Brera. In December 2025, news of a second investment broke: this time 150 million of dollars in Juventus Football Club. Tether currently has around11% of the companythe majority shareholder remains Exor with approximately 65%.
Also in December 2025, Tether also invested in Italy 82 million dollars in Generative Bionicsa startup born fromItalian Institute of Technology (IIT) of Genoa. This company, led by CEO Daniele Pucci, develops humanoid robots. IIT is known for robots, even to the general public. In April 2016 his iCub prototype took the stage at Italy’s Got Talent. The robots of Generative Bionics however they are not designed to perform in the theater: the objective is to enter the factories.
