From being a burger flipper at McDonald's to now being the richest crypto billionaire, Changpeng Zhao has come a long way. Popularly known as ¡®CZ¡¯, he is the CEO of Binance, the largest exchange in the world in terms of the daily trading volume of cryptocurrencies.?
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As per the recently released Bloomberg Billionaires Index, CZ tops the list of richest crypto billionaires with an estimated net worth of a whopping $96 billion! And wait, that's not all. This huge amount does not even include his personal crypto holdings such as Bitcoin and Binance¡¯s in-house Binance Coin (BNB) tokens.
According to Bloomberg¡¯s estimation, CZ currently ranks 11th among the world¡¯s richest people. The 44-year-old crypto pioneer is richer than not just India¡¯s but Asia¡¯s richest billionaire, Mukesh Ambani, who is the Chairman of Reliance Industries.
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Although this was the first time Bloomberg estimated CZ¡¯s fortune, Binance¡¯s growth trajectory signals that there is a possibility of CZ¡¯s fortune being comparable, if not exceeding that of tech pioneers such as Meta¡¯s Mark Zuckerberg as well as Google co-founders Larry Page and Sergey Brin.
At present, Tesla CEO Elon Musk leads the billionaire¡¯s list with an estimated fortune of $263 million, whereas Zuckerberg, Page and Brin rank 5th, 6th and 7th, respectively, as per Bloomberg estimates.?
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Undoubtedly, the success of Binance can be attributed to CZ¡¯s continuous efforts to accrue operational licenses globally across jurisdictions. And despite the regulatory hurdles, his crypto exchange Binance maintains an ongoing partnership and acquisition streak to remain a leader in the crypto trading space.
Recently, Binance finalized the acquisition of prominent crypto Visa Card provider Swipe, which operates at over 70 million locations worldwide. And that's not all. Binance has also launched a $1-billion initiative to fast-track the development of the Binance Smart Chain ecosystem, along with advance mainstream adoption across the financial technology sector.
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According to the data from Cointelegraph Markets Pro and TradingView, the price of Binance¡¯s in-house Finance Coin tokens (BNB) appreciated over 1,300% in the past year itself. So, if BNB is able to maintain such a pace, CZ is set to become the first crypto entrepreneur to enter the top 10 billionaires list soon!
Binance CEO has been quite active on Twitter as well, with close to 5 million followers as of now. Here are some of his latest tweets around Binance and crypto.
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