Binance CEO CZ is the richest crypto billionaire at $96B: Bloomberg

Changpeng
Zhao,
CEO
of
Binance
and
also
known
as
“CZ,”
tops
the
list
of
richest
crypto
billionaires
with
an
estimated
net
worth
of
$96
billion.

According
to
Bloomberg,
CZ

ranks

11th
among
the
world’s
richest
people
as
Binance
retains
its
position
as
the
biggest
crypto
exchange
in
terms
of
trading
volume.

CZ,
the
44-year-old
crypto
entrepreneur,
overtook
Asia’s
richest
billionaire,
Mukesh
Ambani,
despite
Bloomberg
excluding
his
personal
crypto
holdings,
such
as
Bitcoin
(BTC)
and
the
exchange’s
in-house
Binance
Coin
(BNB)
tokens.

According
to
Bloomberg’s
estimation,
CZ
stands
just
behind
Oracle
co-founder
Larry
Ellison,
whose
net
worth
currently
leads
by
roughly
$11
billion.
While
this
was
the
first
time
Bloomberg
estimated
CZ’s
fortune,
Binance’s
growth
trajectory
signals
a
possibility
of
exceeding
tech
goliaths
such
as
Meta’s
Mark
Zuckerberg
and
Google
co-founders
Larry
Page
and
Sergey
Brin.

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


Top
10
richest
billionaires.
Source:
Bloomberg
Billionaires
Index

Data
from

Cointelegraph
Markets
Pro

and
TradingView
confirm
that
the
price
of
BNB
appreciated
over
1,300%
in
the
past
year
alone.
If
BNB
can
maintain
such
a
pace,
CZ
will
become
the
first
crypto
entrepreneur
to
enter
the
top
10
billionaires
list.


Price
performance
of
BNB
in
2021.
Source:
TradingView.



Related:



Former
Binance
execs
say
exchange
is
worth
$300B:
Report

The
success
of
Binance
can
be
attributed
to
CZ’s ongoing
efforts
to
accrue
operational
licenses

across
jurisdictions
globally.
Despite
regulatory
hurdles,
Binance
maintains
an
ongoing
partnership
and
acquisition
streak
to
remain
a
leader
in
the
crypto
trading
space.

Most
recently,
the
crypto
exchange finalized
the
acquisition
of
Swipe
,
a
prominent
crypto
Visa
card
provider
that
operates
at
over
70
million
locations
worldwide.
In
addition,
Binance
also
launched
a
$1-billion
initiative
to

fast-track
the
development
of
the
Binance
Smart
Chain
 ecosystem
and
advance
mainstream
adoption
across
the
financial
technology
sector.

read original article here