- Changpeng Zhao became the richest man in the crypto industry
- His fortune is $ 100 billion
State in $ 96 billion makes Binance CEO Changpeng Zhao the richest cryptan on the Bloomberg Billionaires Index. It also brings people closer to the tech market such as Mark Zuckerberg, Larry Page and Sergey Brin.
This estimate is approximate. There is no exact information regarding the size of the billionaire’s cryptocurrency portfolio. So his capital can be even greater.
As for the “brainchild” of Zhao, Binance, The WSJ estimates it at $ 296 billion, subject to public offering.
Binance says these estimates are too vague. Cryptocurrency is an asset with high volatility, which makes calculations very difficult.
The CEOs of Binance’s closest competitors, FTX and Coinbase, are far behind. Sam Bankman-Freed’s (FTX) wealth is estimated at $ 20, 4 billion, and Brian Armstrong (Coinbase) – in $ 8, 93 billion
Tesla founder Elon Musk remains the richest man in the world. Due to the recent rise in Tesla shares, Musk’s capital is $ 394, 2 billion, Jeff Bezos and Bernard Arnault lagged behind him a little, by about $ 116, 6 billion .
Note that cryptocurrency is increasingly popular among billionaires. Digital assets are great for hedging, even skeptics admit it. And billionaires reserve cryptocurrency to protect capital from inflation and crises.