Changpeng Zhao becomes the 11th richest person in the world with a net worth of $ 96 billion

After a article Binance CEO Changpeng Zhao has an estimated net worth of $ 96 billion, according to Bloomberg on Jan. 9.

This is the first time the Bloomberg Billionaires Index (BBI) has valued Zhao’s wealth and ranks him among the richest in Asia, if the numbers are correct. Although Zhao has not been accepted into the BBI at the time of writing, the report states that with that fortune, Zhao surpasses currently Asia’s richest person, Indian energy tycoon Mukesh Ambani, at $ 92.9 billion.

11th richest in the world

With a net worth of $ 96 billion, Zhao becomes the 11th richest person in the world, twice as much as Alibaba co-founder Jack Ma, with an estimated net worth of $ 40 billion.

Right now, 8 of the 10 richest people in the world are American tech billionaires. Zhao could soon be one of them as he’s not far from Google’s Larry Page and Sergey Brin, who each have an estimated net worth of $ 120 billion.

Facebook’s Mark Zuckerberg ranks fifth with an estimated net worth of $ 124 billion, while Microsoft co-founder Bill Gates ranks fourth with $ 135 billion. At the top of the list is Elon Musk, with a net worth of $ 263 billion.

The report added that Zhao’s net worth could be much larger if its crypto assets were included.

“Zhao’s net worth could be significantly larger as the asset appraisal does not take into account his personal crypto assets, which include Bitcoin and his own corporate token, BNB.”

Binance Coin (BNB) is among the top performers in 2021, up 1,265 percent. Bloomberg estimates that Binance generated more than $ 20 billion in revenue last year through fee and trading volume analysis. Of that, Zhao owns 90% of the company based on his public statements and legal filings.

Source: TradingView

In early September, Zhao said an IPO in the United States would take place within three years, targeting by 2024.

Binance beats them all

Binance is the world’s leading spot cryptocurrency exchange with a trading volume of over $ 11.5 billion in the last 24 hours. The next competitive exchange in terms of trading volume is OKEx, which is less than half at $ 4.4 billion.

Coinbase, the largest US exchange, ranks fifth in terms of trading volume at $ 2.8 billion.

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