April 5, 2022

From 0 to $65 billion: Binance’s Changpeng Zhao

Within five years, Changpeng Zhao's net worth has become approximately $65 billion. Changpeng Zhao (CZ) is the founder and CEO of Binance and is the 19th richest person in the world.

Based on market prices with 70% ownership, Binance’s market valuation is $92.5 billion, according to Forbes.

Binance expanded across 180 countries and was officially registered in the Cayman Islands. On the journey to join the billionaire club, Binance was under investigation by the U.S. Department of Justice and Internal Revenue Service.

Binance coin (BNB) was initially used for trading and recruiting other new customers with discounts.

However, at present, it is used as a full-fledged cryptocurrency. According to CoinMarketCap, the BNB token has a market capitalization of $73 billion.

The pro-bourgeois intellect was flipping burgers at McDonald's, and he started coding at 16. With a degree in computer science, he came up with "flash boys," later "Binance Launchpool."

"I don’t buy dips as I don’t own fiat, only pure crypto!" -CZ