![]() ![]() Mustajab declined to confirm Zhao's net worth and the source of his wealth to Insider.īut Zhao's journey at Binance has been far from smooth sailing - the company has been embroiled in several controversies.Ĭhangpeng Zhao, CEO of Binance. Zhao is said to have a considerable amount of wealth from Bitcoin, having bought $1 million worth of the digital currency when it was just $600 a unit, per Maclean's. In 2021, Binance had over 90 million users, Bloomberg reported, citing an estimate from Zhao. Zhao has personal cryptocurrency holdings in Bitcoin and Binance Coin, per a September report by Bloomberg. Bloomberg said it did not include cryptocurrency directly held by Zhao in his net worth, as the amount is not publicly available. While Bloomberg estimates Zhao is worth around $25.8 billion from his majority stake in the cryptocurrency platform, it's not a complete picture of his wealth. Zhao was born in a rural village in Jiangsu province in China in 1977 to a family of teachers.Ĭryptocurrency exchange Binance founder and CEO Changpeng Zhao speaks at a Binance fifth anniversary event in Paris, France, July 8, 2022. Binance is bigger than its four largest competitors combined, per Bloomberg.Įditor's note: This story was first published in October 2022 and has been updated to reflect recent developments. In 2021 alone, Binance generated over $20 billion in revenue, according to Bloomberg. The exchange handles some $76 billion in daily trading volume, according to Protocol. ![]() Zhao founded Binance in 2017 and powered it to become the biggest cryptocurrency exchange by trading volume. His career in the up-and-coming digital currency industry started at, where he served as the head of development. Zhao's interest in cryptocurrency began in 2013 when he first learned about Bitcoin, according to a 2018 Forbes report. ![]() His real-time estimated net worth is a far cry from the peak of his personal wealth: His net worth peaked at $95.9 billion earlier this year, the Bloomberg Billionaires Index shows. With a net worth of $16.4 billion as of November 9, he's the 87th-richest person in the world, according to the Bloomberg Billionaires Index.īut crypto winter has taken a toll across the industry, and Zhao is no exception. Zhao - who's often known as CZ - is one of the most prominent people in cryptocurrency, as well as the wealthiest person in the industry. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |