According to the Bloomberg Billionaires Index, Binance CEO Changpeng Zhao has a net worth of $96 billion. As a result, he has become the world’s wealthiest bitcoin billionaire, and he has surpassed some of the industry’s most renowned names.
Bobby Lee, the CEO of crypto exchange and investor Ron Cao, persuaded CZ to put 10% of their money in BTC a decade ago. It was a period when skeptics heavily criticized the world’s biggest cryptocurrency.
According to the Bloomberg Billionaire Index, CZ is now the world’s 11th wealthiest person. In the last year, his wealth has expanded by more than fourfold.
CZ’s enormous wealth should come as no surprise, given that Binance is the world’s biggest cryptocurrency exchange by volume and has aggressive expansion plans. However, it should be remembered that CZ’s market share was earlier estimated at 30% by Forbes.
This 44-year-old software engineer is a relatively respected and popular figure in the cryptocurrency sector, and he has recently made his way into the Abu Dhabi royal family circles. Some reports claim that CZ has become a “fixture in the UAE” as it tries to bring its platform to the UAE market.
Regrettably, we do not know much about the Binance CEO’s investments. Despite this, he was able to surpass Indian tycoon Mukesh Ambani.
This suggests that the number provided by Bloomberg is likely to be much understated. As a result, it is probable that CZ is ahead of individuals such as Tesla CEO Elon Musk, Amazon CEO Jeff Bezos, Microsoft CEO Bill Gates, and Meta CEO Mark Zuckerberg.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.