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News

Binance CEO CZ Now Becomes The Richest Man In Asia With His Over $96 Billion Net Worth

January 11, 2022 - Around 1 mins mins to read

Binance’s CEO, Changpeng Zhao (CZ), has risen to the top of the world’s wealthiest person list.

  • cz

Because of the significant expansion of the cryptocurrency industry, Changpeng Zhao, the founder of Binance, has become Asia’s wealthiest man and the world’s 11th wealthiest man. With a net worth of over $96 billion, this 44-year-old man has overtaken Mukesh Ambani, the former richest man in Asia.

Binance’s rapid growth suggests it might overtake IT giants like Meta’s Mark Zuckerberg and Google co-founders Larry Page and Sergey Brin.

According to Bloomberg, the amount was calculated using Binance’s estimated sales last year and Mr. Zhao’s 90% share in the company. Binance made more than $20 billion in income last year, nearly three times as much as Coinbase, the largest cryptocurrency exchange in the United States.

CZ may have a far higher net worth than the report presented because the estimate excludes his personal crypto assets (including Bitcoin and Binance coin), which has seen a 1,250% increase in value in the last year alone.

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Hazel

CoinCu News

News

Binance CEO CZ Now Becomes The Richest Man In Asia With His Over $96 Billion Net Worth

Binance’s CEO, Changpeng Zhao (CZ), has risen to the top of the world’s wealthiest person list.

  • cz

Because of the significant expansion of the cryptocurrency industry, Changpeng Zhao, the founder of Binance, has become Asia’s wealthiest man and the world’s 11th wealthiest man. With a net worth of over $96 billion, this 44-year-old man has overtaken Mukesh Ambani, the former richest man in Asia.

Binance’s rapid growth suggests it might overtake IT giants like Meta’s Mark Zuckerberg and Google co-founders Larry Page and Sergey Brin.

According to Bloomberg, the amount was calculated using Binance’s estimated sales last year and Mr. Zhao’s 90% share in the company. Binance made more than $20 billion in income last year, nearly three times as much as Coinbase, the largest cryptocurrency exchange in the United States.

CZ may have a far higher net worth than the report presented because the estimate excludes his personal crypto assets (including Bitcoin and Binance coin), which has seen a 1,250% increase in value in the last year alone.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Hazel

CoinCu News

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