On July 29, Bloomberg reported that Changpeng Zhao, CEO of Binance was the richest person in crypto with a net worth of $96 billion. While he has been successful as an entrepreneur and investor, many still don’t know much about him.
The “bloomberg billionaires index” is a list of the world’s wealthiest people. It ranks Bill Gates, Jeff Bezos, Warren Buffett and Mark Zuckerberg as the top 5 richest billionaires. Notable crypto billionaire Changpeng Zhao is ranked number 6 on the list with a net worth of $96B.
With a net worth of $96 billion, Changpeng Zhao, the CEO of Binance, is the wealthiest crypto billionaire.
CZ is ranked 11th among the world’s wealthiest persons, according to Bloomberg, as Binance maintains its position as the largest cryptocurrency exchange by trading volume.
Despite Bloomberg removing his own crypto assets such as Bitcoin (BTC) and the exchange’s in-house Binance Coin (BNB) tokens, CZ, the 44-year-old crypto entrepreneur, surpassed Asia’s wealthiest billionaire Mukesh Ambani.
The business is expanding.
October 26, 2021 — CZ Binance (@cz binance)
CZ is estimated by Bloomberg to be only $11 billion behind Oracle co-founder Larry Ellison, who has a net worth of $11 billion. While this is the first time Bloomberg has evaluated CZ’s worth, Binance’s growth trajectory suggests it might surpass IT titans like Mark Zuckerberg of Meta and Larry Page and Sergey Brin of Google.
Zuckerberg, Page, and Brin are now ranked 5th, 6th, and 7th, respectively, with Tesla CEO Elon Musk dominating the billionaires’ list with a net worth of $263 billion.
The top ten wealthiest billionaires in the world. Bloomberg Billionaires Index is the source of this information.
According to data from Cointelegraph Markets Pro and TradingView, the price of BNB has increased by almost 1,300 percent in the last year. If the figures are correct, CZ will be the first crypto entrepreneur to break into the top ten billionaires list.
BNB coin price performance in FY 2021. TradingView is the source of this information.
Former Binance executives claim the exchange is worth $300 billion, according to a report
Binance’s worldwide success may be credited to CZ’s continued attempts to get operating licenses in various countries. Despite regulatory challenges, Binance continues to collaborate and acquire new companies in order to remain a leader in the crypto trading sector.
The crypto exchange recently completed the purchase of Swipe, a popular crypto Visa card supplier with over 70 million locations globally. Binance also announced a $1 billion plan to accelerate the development of the Binance Smart Chain ecosystem and accelerate mainstream adoption throughout the financial technology industry.
Changpeng Zhao, the CEO of Binance, is the richest cryptocurrency billionaire with a net worth of $96B. Bloomberg has ranked him as the top crypto billionaire in 2018. Reference: changpeng zhao forbes.
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