Binance CEO CZ Is The Richest Crypto Billionaire At $96 Billion

Binance CEO CZ is the richest crypto billionaire at $96 billion according to the latest reports by Bloomberg which we read more about in today’s Binance news.

Changpeng Zhao’s net worth overtook Asia’s richest billionaire Mukesh Ambani despite excluding his personal crypto holdings like BTC and the Binance native token BNB token. The Binance CEO CZ is the richest crypto billioanire according to Bloomberg with an estimated net worth of $96 billion. He ranks 11th among the world’s richest people as Binance retains the position as the biggest crypto exchange in terms of the trading volume. The 44-year old crypto entrepreneur overtook Asia’s richest billionaire Mukesh Ambani bot according to Bloomberg, CZ stands behind Oracle’s co-founder Larry Ellison whose net worth leads by $11 billion. This was the first time that Bloomberg estimated the fortune Zhao has and its growth trajectory signals a possibility of surpassing tech goliaths like Meta’s Mark Zuckerberg and Google co-founders Larry Page and Sergey Brin.

The industry is growing.

— CZ Binance (@cz_binance) October 26, 2021

Right now, Zuckerberg, Brin, and Page rank 5th, 7th, and 6th with TEsla’s CEO Elon Musk ranking the list with an estimated fortune of $263 billion. The data from Tradingview confirms that the price of BNB increased over 1300% in the past year alone and if calculated, CZ will become the first crypto entrepreneur to enter the top 10 billionaires list and the success of the exchange can be attributed to CZ’s ongoing efforts to accrue operational licenses across all jurisdictions worldwide. Despite the regulatory hurdles, Binance maintains an ongoing partnership streak to remain a leader in the crypto trading space.

Price performance of BNB token FY 2021. Source TradingView.

Lately, the exchange finalized the acquisition of Swipe as a prominent crypto Visa card provider which has more than 70 million locations worldwide. Binance also launched a $1 billion initiative to fast-track the development of the Binance Smart chain ecosystem and to boost mainstream adoption across the financial technology sector.

Top 10 richest billionaires. Source Bloomberg Billionaires Index.

As recently reported, Bloomberg added Changpeng Zhao or CZ as a popular crypto billionaire as a part of the list of the “people in business, entertainment, finance, politics and science and technology whose accomplishments merit recognition.” Binance’s CEO Changpeng Zhao stated that Defi will not flip traditional finance anytime soon despite the exchange doubling down on the space as a way to migrate to a fully decentralized exchange. Changpeng Zhao stated that despite launching a DEX on Binance Chain, the company was mostly an observer. That all changed when the CEO unveiled a sister chain, Binance Smart Chain which is 100% ETH compatible.

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