Binance CEO Changpeng Zhao has been named cryptocurrency‘s wealthiest person.
In the most recent Forbes billionaire report, the publication highlights that the CEO of Binance has an estimated net worth of $65 billion USD. The CEO, more commonly known as CZ, is a true success story, going from zero to $65 billion USD in under five years. CZ leaves Michael Dell and Charles Koch among 2,645 behind him in the billionaire dust.
Binance has an estimated market valuation of $92.5 billion USD, with CZ’s stake being at least 70%. In the past, CZ has told Forbes that he owns around 30%, however sources close to the inner workings of the company have confirmed that his stake is considerably higher. Binance operates in over 180 different countries, but not without regulation challenges. At age 44, CZ makes his way in the top 20 richest people in the world at number 19. He started out as a programmer and later developed Binance to become a self-made billionaire. While it is difficult to truly calculate Binance’s worth due to market volatility, there is no denying that his success in the world of crypto has seen major positives. In a recent Tweet, CZ said that he plans to give away 90% of his wealth, “I only count what’s in my wallet, which is not much at all. The rest are all opinions.”
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