![]() ![]() Zhao declined to comment to Bloomberg, and Binance disputed the accuracy of the estimates. Changpeng Zhao’s net worth overtook billionaire Mukesh Ambani. It valued the business based on publicly traded peers. Binance’s CEO, Zhao has a net worth of 96 billion Baisakhi Mishra JanuCrypto News Bloomberg estimates Binance CEO Changpeng Zhao has a net worth of 96 billion, excluding crypto holdings. It generated at least $20 billion of revenue last year, according to Bloomberg.īloomberg assumed Zhao owns 90% of Binance, and estimated the exchange’s revenue from spot and derivatives trading volumes and advertised fees. The two men were introduced by an employee at Singapore’s central. It is likely Zhao’s wealth could rival that of Facebook founder Mark Zuckerberg and Google founders Larry Page and Sergey Brin, Bloomberg said.Īmong his crypto peers, the 44-year-old’s closest rivals are FTX founder Sam Bankman-Fried ($15.4 billion) and Coinbase CEO Brian Armstrong ($8.9 billion), according to Bloomberg’s index.īinance is the world’s largest cryptocurrency exchange, with a 24-hour trading volume of $106 billion as of Jan. 2 days ago &0183 &32 He joined Binance in August 2021 as Singapore CEO and, in Zhao’s telling, his hiring was swift even by crypto’s standards. In the 136-page lawsuit, the SEC filed 13. The $96 billion figure does not take into account Zhao’s personal crypto holdings, meaning it could be a significant underestimate. 2 days ago &0183 &32 The SEC also named Changpeng CZ Zhao, the firm’s cofounder and CEO, in the suit, as well as BAM Trading, the operator of Binance’s U.S. Zhao’s net wealth has been estimated for the first time by the Bloomberg Billionaires Index, which concludes that it exceeds that of Asia’s richest person, Mukesh Ambani, the chairman of Indian conglomerate Reliance Industries. JanuCrypto News Bloomberg estimates Binance CEO Changpeng Zhao has a net worth of 96 billion, excluding crypto holdings.Binance CEO Changpeng “CZ” Zhao is worth an estimated $96 billion, a figure that rivals tech billionaires Mark Zuckerberg, Larry Page and Sergey Brin, according to Bloomberg. Binance’s CEO, Zhao has a net worth of 96 billion Baisakhi Mishra
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