![]() ![]() Zhao declined to comment to Bloomberg, and Binance disputed the accuracy of the estimates. It valued the business based on publicly traded peers. According to Bloomberg, CZ claimed the 11th spot among the worlds wealthiest people as Binance held its place as the biggest crypto exchange by trading volume. It generated at least $20 billion of revenue last year, according to Bloomberg.īloomberg assumed Zhao owns 90% of Binance, and estimated the exchange’s revenue from spot and derivatives trading volumes and advertised fees. CoinDesk Binance CEO Zhao Is Worth 96B Excluding Crypto Holdings: Report Jamie Crawley 10 January 2022 at 4:31 am 1-min read Binance CEO Changpeng CZ Zhao is worth an estimated. With a net worth of 96 billion, the CEO of Binance, Changoeng Zhao, more commonly referred to as CZ, is officially the wealthiest crypto billionaire. ![]() It is likely Zhao’s wealth could rival that of Facebook founder Mark Zuckerberg and Google founders Larry Page and Sergey Brin, Bloomberg said.Īmong his crypto peers, the 44-year-old’s closest rivals are FTX founder Sam Bankman-Fried ($15.4 billion) and Coinbase CEO Brian Armstrong ($8.9 billion), according to Bloomberg’s index.īinance is the world’s largest cryptocurrency exchange, with a 24-hour trading volume of $106 billion as of Jan. The $96 billion figure does not take into account Zhao’s personal crypto holdings, meaning it could be a significant underestimate. and its Chief Executive Officer Changpeng Zhao, were accused of breaking US rules, according to a federal court filing by the Securities and Exchange Commission. Zhao’s net wealth has been estimated for the first time by the Bloomberg Billionaires Index, which concludes that it exceeds that of Asia’s richest person, Mukesh Ambani, the chairman of Indian conglomerate Reliance Industries. Binance CEO Changpeng “CZ” Zhao is worth an estimated $96 billion, a figure that rivals tech billionaires Mark Zuckerberg, Larry Page and Sergey Brin, according to Bloomberg. Binance, the world’s largest cryptocurrency exchange, was sued by the US’s top financial watchog on Monday, accused of mishandling customer funds and lying to. ![]()
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