According to Bloomberg, Binance CEO Changpeng Zhao’s financial status is presently projected to be $96 billion, making him the wealthiest individual in cryptocurrency.
As per the Bloomberg Billionaire Index, he has become considerably further than Indian business titan Mukesh Ambani, who has a total wealth of $92.9 billion. CZ is reportedly connected to such titans as Warren Buffett, CEO of Berkshire Hathaway, as well as Mark Zuckerberg, CEO of Meta.
Because nothing is revealed about Zhao’s bitcoin holdings, his wealth may be substantially more.
The crypto millionaire, who seemed to labor at McDonald’s as a youngster, has remained tight-lipped about the magnitude of his riches, but he has stated that he intends to donate away his whole riches.
The Wall Street Journal said that if his crypto juggernaut went global, it might be valued up to $300 billion, according to U.Today.
The exchange’s income is predicted to surpass $20 billion in 2021, surpassing the figures predicted from competitor Coinbase in the United States.
Binance, on the other hand, challenged Bloomberg’s projections, arguing that cryptocurrency is far too unpredictable to make any real predictions.
Aside from becoming subjected to volatile cryptocurrency pricing, the exchange was also subjected to a barrage of regulatory investigation early this year.
FTX CEO Sam Bankman-Fried is valued at $15.4 billion, while Coinbase CEO Brian Armstrong is valued at $8.93 billion.
Elon Musk, the CEO of Tesla, is still the wealthiest human on the planet, with a total wealth of $263 billion. The second well as third positions ($188 billion and $171 billion, respectively) go to Amazon creator Jeff Bezos as well as French fashion billionaire Bernard Arnault.