Crypto Stories

Binance CEO Changpeng Zhao Is The Wealthiest Crypto Billionaire At $96B: Bloomberg

By Parasshuram Shalgar
Published January 11, 2022 Updated February 2, 2022

Changpeng ZhaoBinance CEO, is popularly known as “CZ,” holds the 1st position in the list of richest crypto billionaires. Presently, Zhao’s net worth is $96 billion. Despite Bloomberg omitting its crypto holdings, Changpeng Zhao’s net worth overshadowed Asia’s wealthiest billionaire, Mukesh Ambani.

Bloomberg States: CZ is the Richest Crypto Billionaire

Bloomberg claimed, “Changpeng Zhao holds the 11th grade among the world’s richest people. Binance retained its position as the most significant crypto exchange regarding trading volume.”

CZ – the crypto entrepreneur aging 44 years surpassed Asia’s richest billionaire – Mukesh Ambani, despite Bloomberg accepting its crypto possessions, like Bitcoin (BTC) and Binance Coin (BNB) tokens.

As per Bloomberg’s point of view, CZ sides with Larry Ellison – Oracle’s co-founder. Presently, Larry leads Changpeng Zhao with a net worth of $11 billion. Bloomberg is estimating CZ’s fortune for the very first time. Binance’s surge hints at the chances of exceeding tech blockbusters like Meta’s Mark Zuckerberg & Google co-founders Larry Page and Sergey Brin.

Zuckerberg, Larry, and Brin hold the 5th, 6th, and 7th rank, respectively. Tesla CEO Elon Musk stands at the top of the billionaire’s list with around $263 billion fortune.

Cointelegraph Markets Pro and TradingView present reports that the cost of BNB treasured over 1,300% in 2021 alone. BNB was successful in maintaining its pace & hence CZ is also expected to be the first crypto entrepreneur topping the ’10 billionaires list’.

Binance’s Success Credited to CZ

Changpeng Zhao is imputed with the success of Binance. Its CZ’s extant efforts to accumulate operational licenses across jurisdictions for the entire world. Irrespective of the regulatory obstacles, Binance continues to carry forward its ongoing partnership and assets spell to safeguard its leading position as the crypto billionaire.

Binance had instigated a $1-billion enterprise to enhance the development of the Binance Smart Chain ecosystem. It also aims to push on its mainstream adoption across the financial technology sector.