Tether began from separate companies led by ex-plastic surgeon Giancarlo Devasini and former child actor Brock Pierce. Devasini, who helped develop crypto exchange Bitfinex and is now its chief financial officer, owned about 43% of Tether in 2018, according to the documents seen by the Journal. Two other executives of both Bitfinex and Tether, CEO Jean-Louis van Der Velde and Chief Counsel Stuart Hoegner, each owned roughly 15% of Tether in 2018, the documents revealed. The fourth major owner as of 2018 was a businessman with British and Thai citizenship known as Christopher Harborne in the U.K. and Chakrit Sakunkrit in Thailand. He controlled about 13% of Tether. Together, the four men owned approximately 86% of Tether through their own holdings and another related company.
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