Crypto CEO Changpeng “CZ” Zhao Become Top Billionaires in The World

Changpeng “CZ” Zhao, Binance Cryptocurrency exchange CEO joined the ranks of worlds top billionaires. His net worth was estimated to be least $96.5 billion. This is according to latest the latest index by Bloomberg Billioanires Index. Number 1 in the Index is Elon Musk, Tesla and SpaceX CEO.

CZ Changpeng Zhao, CZ Binance, Binance
Picture from https://www.cnbc.com/

With that amount, he isn’t far off Mark Zuckerberg’s estimate $124billions or Warren Buffet’s $116 billions. Currently CZ placed number 12 in the Index.

According to Bloomberg, the estimate does not factor in CZ personal holding of cryptocurrency such as bitcoin and Binance token BNB. It was estimated based on what known about the finances of Binance. CZ estimated to owns 90% of the Cryptocurrency exchange.

With net worh of $96 Billions, CZ by far is the most richest person in crypto world. The anonymous creator of bitcoin, Satoshi estimated to be second on the list with estimated $45.8 billions net worth.
Sam Bankman-Fried, the 29-year-old creator of the FTX crypto exchange is thirds on the list with $15.4 billion. Coinbase CEO Brian Armstrong is fourth, with a net worth of $8.9 billion.

However, due to the volatile cryptocurrency market, the numbers can drastically change from day to day.

Over the years, other cryptocurrency founder has enjoyed significant gains. Ethereum creator Vitalik Buterin and Coinbase founder Brian Amstrong both has become billionaires thanks to the rise of coins value.

Read More: Binance CEO CZ Says He Plans to Give Away Vast Majority of His Wealth

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Abegemok covers everything about trending news, crypto, money, bringing you the latest news in the market and having fun in between.

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