Zhao declined to comment to Bloomberg, and Binance disputed the accuracy of the estimates. It valued the business based on publicly traded peers. ![]() ![]() 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. 2 days ago &0183 &32 The top securities regulator outlined 13 charges against Binance and seeks to force the company to turn over all ill-gotten gains and to permanently bar Zhao from acting as an officer or director. Binance CEO Changpeng Zhao on Monday filed a lawsuit against Bloomberg Businessweek’s Hong Kong publisher Modern Media CL claiming defamation over a translated Chinese language article title. At 96B net worth, Binance CEO Changpeng Zhao is reportedly richer than Mukesh Ambani, Gautam Adani The Financial Express Binance was the largest cryptocurrency exchange with a 24-hour. 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 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. The $96 billion figure does not take into account Zhao’s personal crypto holdings, meaning it could be a significant underestimate. ![]() 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. 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. CoinDesk Binance CEO Zhao Is Worth 96B Excluding Crypto Holdings: Report Jamie Crawley 10 January 2022 at 4:31 am 1-min read Binance CEO Changpeng CZ Zhao is worth an estimated.
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