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Changpeng Zhao’s net worth is estimated at $96 billion

January 11, 2022 By Crypto Reporter

Changpeng Zhao, founder and CEO of the world’s largest cryptocurrency exchange Binance, is one of the world’s wealthiest people. CZ’s total net worth is $96 billion, according to Bloomberg.

Changpeng Zhao

Bloomberg says its estimate is based on Zhao’s stake in Binance, reporting that the exchange generated upwards of $20 billion in revenue in 2021 and that Zhao owns 90% of Binance’s shares, according to a review of the firm’s regulatory filings.

A net worth of $96 billion would make CZ by far and away the richest person in crypto. Satoshi, the anonymous creator of bitcoin, is estimated to be second on the list with $45.8 billion, thanks to their holdings of the world’s biggest cryptocurrency.

Sam Bankman-Fried, the 29-year-old creator of the FTX crypto exchange is second on the list with $15.4 billion. Coinbase CEO Brian Armstrong is third, with a net worth of $8.9 billion.

Fortune reports that Zhao’s net worth may be even higher than $96 billion since Bloomberg did not account for Zhao’s personal holdings of Bitcoin and Binance Coin, the cryptocurrency issued by Binance. Factoring in Zhao’s personal crypto holdings would likely give him a fortune on par with that of Bill Gates, the world’s fourth richest person with a $135 billion net worth, and Zuckerberg, the world’s fifth richest with $124 billion.

Filed Under: General News, News Tagged With: Binance, Changpeng Zhao, cryptocurrency, news

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