Binance CEO Changpeng Zhao becomes the richest person in Crypto

Binance CEO Changpeng Zhao is recognized as the richest person in crypto space with a wealth worth an astonishing $96 billion.

According to Bloomberg, the estimated net worth of Binance CEO Changpeng Zhao stands at around $96 billion, which officially makes him the richest person in crypto.

This makes him now worth more than Indian businessman Mukesh Ambani, whose net worth currently stands at $92.9 billion, as per the Bloomberg Billionaire Index. CZ is also close to Warren Buffett and Meta CEO Mark Zuckerberg.

In addition, CZ wealth could be even bigger since not many details are known about his cryptocurrency holdings.

The cryptocurrency tycoon, who used to work at McDonald's as a teenager, has so far shied away from commenting on the size of his fortune, but he plans to give away his entire wealth.

Moreover, the Wall Street Journal claimed that CZ cryptos could be worth up to $300 billion if it were to be revealed publicly.

In 2021, Binance exchange’s revenue reportedly reached $20 billion, but the numbers that are expected to be revealed U.S.-based rival Coinbase.

For instance, FTX CEO Sam Bankman-Fried and Coinbase CEO Brian Armstrong have net worth of $15.4 billion and $8.93 billion, respectively.

Elon Musk remains the world’s richest man with an estimated net worth of $263 billion, followed by Amazon founder Jeff Bezos and French fashion mogul Bernard Arnault are in second and third places, respectively ($188 billion and $171 billion).