Changpeng Zhao, the CEO of Binance, tops the list of the richest crypto millionaires with an estimated net worth of $ 96 billion.
According to Bloomberg, CZ ranks 11th among the richest people in the world, while Binance maintains its position as the largest cryptocurrency exchange in terms of trading volume.
CZ, the 44-year-old crypto entrepreneur, surpassed Asia’s richest billionaire, Mukesh Ambani, despite Bloomberg excluding his personal holdings of cryptocurrencies, such as Bitcoin (BTC) and the exchange’s internal tokens, Binance Coin (BNB).
The industry is growing.
– CZ Binance (@cz_binance) October 26, 2021
The sector is growing.
According to Bloomberg’s estimate, CZ ranks right behind Oracle co-founder Larry Ellison, whose net worth currently leads with about $ 11 billion. Although this is the first time that Bloomberg has estimated CZ’s fortune, Binance’s growth trajectory points to the possibility of surpassing tech goliaths like Meta’s Mark Zuckerberg and Google co-founders Larry Page and Sergey Brin.
Zuckerberg, Page and Brin are currently ranked 5th, 6th, and 7th, respectively, while Tesla CEO Elon Musk tops the list of billionaires. with an estimated fortune of USD 263,000 million.
Data from Cointelegraph Markets Pro and TradingView confirm that The price of BNB has appreciated more than 1,300% in the last year alone. If calculated, CZ will become the first crypto entrepreneur to enter the top 10 billionaires list.
Binance’s success globally can be attributed to CZ’s ongoing efforts to accumulate operating licenses in all jurisdictions globally. Despite regulatory hurdles, Binance maintains a streak of partnerships and acquisitions to remain a leader in the cryptocurrency trading space.
The crypto exchange recently finalized the acquisition of Swipe, a prominent Visa cryptocurrency card provider operating in more than 70 million locations around the world.. Additionally, Binance also launched a billion dollar initiative to accelerate the development of the Binance Smart Chain ecosystem and advance mainstream adoption in the fintech sector.