![]() ![]() However, based on CZs Binance equity holdings alone, his real net worth is likely substantially higher. Forbes magazine estimates CZs net worth at around 1.9 billion. This estimate makes him the 11th richest person in the world, ahead of Mukesh Ambani, CEO of Indian conglomerate Reliance Industries, and behind Larry Ellison, co-founder of Oracle. Also on Wednesday, 31, 2023, shares of Tesla traded at 203.93. In a Wednesday interview with the Associated Press, Binance CEO Changpeng 'CZ' Zhao revealed he intends to donate up to 99 of his wealth. Musk’s net worth increased by 40.3 this year, which has seen him currently worth 192 billion after shares of his electric automaker Tesla rose about 24 in May. ![]() Zhao launched Binance in 2017, gradually building it into one of the world’s largest crypto exchanges, the report said. Binance CEO Changpeng Zhao on Monday filed a lawsuit against Bloomberg Businessweek’s Hong Kong publisher Modern Media CL claiming defamation over a translated Chinese language article title. Tesla and Twitter CEO Elon Musk has reclaimed his position as the richest man in the world. Sam Bankman-Fried, CEO of FTX, another cryptocurrency exchange that has been backed by Binance, pointed Tuesday to an “unprecedented amount of wealth creation that has occurred in the industry over the last few years”, CNN reported.Ī Binance spokesperson told CNN Business that “CZ intends to give away most of his wealth, even 99 per cent of his wealth, just like other entrepreneurs and founders.” CZ tops the list of richest crypto billionaires with an estimated net worth of a whopping 96 billion. Recently, Binance exchange CEO CHangpeng Zhao was announced the richest man in Ethnic China, with a value of around 90 billion. Binance CEO has been quite active on Twitter as well, with close to 5 million followers as of now Popularly known as ‘CZ’, he is the CEO of Binance, the largest exchange in the world in terms of the daily trading volume of cryptocurrencies. Last year, other crypto founders also enjoyed huge gains as the value of virtual coins rallied, with ethereum creator Vitalik Buterin and Coinbase founder Brian Armstrong both becoming billionaires. Forbes however, says Zhao is worth 1.9 bn. The ascent of the Chinese-Canadian entrepreneur is emblematic of the rapid creation of wealth in the fast-moving world of digital currencies. Zhao’s projected fortune now is just below that of Oracle founder Larry Ellison and surpasses that of Mukesh Ambani, the Indian tycoon whose fortune has also soared over the last two years. hangpeng Zhao, the founder and CEO of Binance, is the wealthiest person in crypto, worth an estimated 65 billion, according to Forbes 2022 Billionaires rankings, published on Tuesday April 5. New Delhi: A cryptocurrency CEO has become one of the richest people on Earth, CNN reported.Ĭhangpeng “CZ” Zhao, who runs the crypto exchange Binance, has joined the ranks of the world’s top billionaires, with an estimated net worth of at least $96.5 billion, according to new calculations from the Bloomberg Billionaires Index. ![]()
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