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Binance CEO CZ Richest Crypto Billionaire at $ 96 Billion: Bloomberg

Binance CEO CZ Richest Crypto Billionaire at $ 96 Billion: Bloomberg
Written by publishing team

Changpeng Zhao, CEO of Binance, tops the list of the richest crypto billionaires with an estimated net worth of $96 billion.

According to Bloomberg, CZ ranks 11th among the richest people in the world, with Binance maintaining its position as the largest crypto exchange by trading volume.

CZ, the 44-year-old crypto entrepreneur, has outperformed Asia’s richest billionaire Mukesh Ambani, despite Bloomberg’s exclusion from his personal crypto holdings such as Bitcoin (BTC) and internal Binance Coin (BNB) tokens for a scholarship.

According to Bloomberg estimates, Czechoslovakia is behind Oracle co-founder Larry Ellison, whose net worth currently exceeds about $11 billion. While this was the first time Bloomberg had estimated CZ’s fortune, Binance’s growth trajectory suggests it could overtake tech giants like Meta Mark Zuckerberg and Google partners Larry Page and Sergey Brin.

Currently, Zuckerberg, Page and Brin are ranked fifth, sixth and seventh, respectively, and Tesla CEO Elon Musk tops the list of billionaires with an estimated fortune of $263 billion.

The 10 richest billionaires. Source: Bloomberg Billionaires Index.

Data from TBEN Markets Pro and TradingView confirm that the price of BNB has risen over 1,300% in the past year alone. If it counts, CZ will become the first crypto entrepreneur to enter the Top 10 Billionaires list.

BNB token price performance for fiscal year 2021. Source: TradingView.

Related: Ex-Binance Exec Says Exchange Value Is $300 Billion: Report

Binance’s success on a global scale can be attributed to CZ’s continuous efforts to accumulate operational licenses in all jurisdictions around the world. Despite regulatory hurdles, Binance maintains an ongoing partnership and acquisition sequence to remain a leader in the cryptocurrency trading space.

Recently, a cryptocurrency exchange completed the acquisition of Swipe, the leading provider of Visa crypto cards that operates in more than 70 million locations worldwide. In addition, Binance has also launched a $1 billion initiative to accelerate the development of the Binance smart-chain ecosystem and promote widespread adoption in the fintech industry.

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