Binance CEO Zhao Is Worth $96 Billion without Crypto Holdings

Binance CEO Zhao Is Worth a whopping $96 Billion without even considering his Crypto Holdings. Let’s find out more about this.

Introduction

The CEO of the largest cryptocurrency exchange in the world by volume, Binance, is the world’s richest crypto billionaire. The 44 year old CEO, Changpeng Zhao or simply ‘CZ’ is potentially among the top 10 richest people on the planet. This new estimate gives CZ a place in the elite list of tech billionaires including the likes of Elon Musk, Jeff Bezos, Bill Gates, and Mark Zuckerberg.

Estimation of Zhao’s wealth

This estimate came after Bloomberg analysed the net worth of the Binance CEO. Their findings gave a figure of roughly $96 Billion, that’s just from his stakes in Binance. Additionally, Zhao owns 90% of the stake in Binance. Surprisingly, this information wasn’t revealed by the company, but was found by the review of Binance’s regulatory filings.

However, the $96 billion estimate of the net worth of the Binance CEO might be less than his actual net worth. This estimate doesn’t account for the ownership of Bitcoins and Binance Coins of Zhao. If those assets are included in this estimate, Zhao’s worth will be close to $125 billion. This estimate will bring him to the rank of 5th-6th richest person. The figure will be on par with the likes of the 4th richest person in the world, Bill Gates and the 5th richest person in the world, Mark Zuckerberg.

About Zhao’s and Binance’s financial status

Zhao is yet to comment about his personal crypto holdings, but he has previously revealed to the Associated Press last November that the “majority” of his net worth is due to his personal holdings.

Similarity, very little is known about the financial status of Binance. However, it is worth noting that Binance is the biggest Cryptocurrency exchange of the world right now. Binance refrains from disclosing its financial status. However, it is estimated that Binance processes as much as $170 billion of crypto trades a day. This figure is far more than any other competitor.

His plans with his massive fortune

Due to so many hidden facts revolving around Zhao and Binance, it’s close to impossible to estimate his net worth. However, Zhao has assured that he has plans to donate a major portion of his fortune to charity.

In the interview with Associated Press last November, he said that “Personally, I’m financially free. I don’t need a lot of money, and I can maintain my lifestyle in this way.” He added that “I do intend to give away most of my wealth, like many wealthy entrepreneurs or founders did from Rockefeller until today. I do intend to give away 90, 95, or 99% of my wealth.”

Conclusion

Binance CEO Changpeng Zhao Is Worth a whopping $96 Billion without even considering his Crypto Holdings. This is definitely a surprise to find out.

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