/Binance CEO CZ is the richest crypto millionaire, with $ 96 billion, reveals Bloomberg
Binance CEO CZ is the richest crypto millionaire, with $ 96 billion, reveals Bloomberg

Binance CEO CZ is the richest crypto millionaire, with $ 96 billion, reveals Bloomberg

Changpeng Zhao’s net worth surpassed Asia’s richest billionaire Mukesh Ambani, despite Bloomberg excluding his personal holdings of cryptocurrencies like BTC and the exchange’s internal BNB tokens.

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El CEO de Binance, CZ, es el criptomillonario más rico, con USD 96,000 millones, revela Bloomberg

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 eleventh among the richest people in the world, while Binance maintains its position as the largest cryptocurrency exchange in terms of trading volume.

  • The CEO of Binance reveals a key factor for the inclusion of tokens in the exchange

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 the Bloomberg estimate, CZ ranks just 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 outperforming tech goliaths like Mark. Zuckerberg of Meta and Google co-founders Larry Page and Sergey Brin.

Currently, Zuckerberg, Page and Brin occupy the 5th, 6th and 7th positions, respectively, while the CEO of Tesla, Elon Musk, tops the list of billionaires with an estimated fortune of $ 263 billion.

  • Changpeng Zhao claims centralized exchanges will remain relevant in 2022
The 10 richest billionaires. Source: Bloomberg Billionaires Index

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 CEO Counters Elon Musk for mentioning the Dogecoin problems
Evolution of the price of the BNB token year 2021. Source: TradingView.

The success of Binance globally can be attributed to CZ’s continued efforts to accumulate operational licenses in all jurisdictions globally. Despite the regulatory hurdles, Binance man has a streak of partnerships and acquisitions to remain a leader in the cryptocurrency trading space.

Recently, the crypto exchange finalized the acquisition of Swipe, a prominent Visa cryptocurrency card provider operating in more than 70 million locations worldwide . 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.

Keep reading:

  • Binance CEO reveals a key factor for the inclusion of tokens on the exchange
  • Changpeng Zhao claims that centralized exchanges will remain relevant in 2022
  • Binance CEO counters Elon Musk for mentioning Dogecoin problems
  • Chinese insurance giant Ping An partners with decentralized AI startup SingularityNET
  • Microsoft blocks more than 400,000 Cryptojacking attempts in one day
  • Now you can pay with bitcoin and cryptocurrencies for bus tickets in Fortaleza, Brazil
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