Binance CEO Worth $96 Billion: Bloomberg Report

A Bloomberg report has estimated that the new worth of the Binance CEO exceeds $96 billion.

By
Robert D. Knight
on
January 12, 2022
Category:
Blockchain News

Changpeng Zhao Worth Big Money

A new estimate by Bloomberg has catapulted Changpeng Zhao (CZ) up the world’s rich list to just outside the top ten. Bloomberg has declared that CZ is the world’s 11th richest person with a personal fortune of $96 billion. The estimate may actually be well below the true figure as the organization didn’t take his crypto wealth into consideration.

It’s a topic that the Binance CEO has previously discussed telling reporters that he does not care about money and that he ultimately plans to give away his personal fortune. 

“I don’t need a lot of money, and I can maintain my lifestyle in this way. I do intend to give away most of my wealth, like many wealthy entrepreneurs or founders did from Rockefeller until today,” said CZ to the Associated Press in November. “I do intend to give away 90, 95 or 99% of my wealth.”

With the accumulation of $96 billion to his name, it appears that CZ will at some point have to get very busy giving away money. According to Bloomberg, the next closest crypto billionaires are FTX founder Sam Bankman-Fried ($15.4 billion) and Coinbase CEO Brian Armstrong ($8.9 billion).

$96 billion reasons to smile (source)

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Robert D. Knight

Robert D. Knight is an experienced journalist and copywriter who has been working in crypto for 4+ years. His bags are heavy in ETH and BTC, plus he also hodls some smaller cryptocurrency.

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