On Tuesday, Bloomberg published 'The New Finance Rich' report placing Binance's founder and CEO Changpeng Zhao (CZ) on the 3rd position with net worth estimate of $28 billion.
CZ was quick to deny the estimate of his wealth at $28.2 billion, adding his favorite code for FUD, "4".
CZ leads the largest cryptocurrency exchanges in the world and is also one of the most prominent figures in the crypto industry, so, no wonder he personally gets in the media spotlight.
CZ's wealth has been a topic of much speculation and discussion, with estimates of his net worth ranging from hundreds of millions to billions of dollars. In 2018, Forbes listed CZ as one of the richest people in the cryptocurrency industry, with a net worth of over $1 billion. We can assume that since then, CZ's wealth has only grown thanks to the enormous success of Binance. Forbes's current bet on CZ's wealth is around $10 billion.
CZ's exact net worth is difficult to pin down, as much of his wealth is tied up in Binance and its related entities. However, it is clear that he is one of the wealthiest people in the crypto industry, with significant holdings in cryptocurrencies such as Bitcoin and Ethereum.
CZ has a special positioning in the crypto star universe. Unlike Vitalik Buterin and other decentralization maximalists, he is easily blending commercial practices with crypto dogmas. At the same time, despite his wealth, CZ has remained humble and down-to-earth, often sharing insights and advice with his followers on social media. He is also known for his philanthropic efforts, having donated millions of dollars to various charities and causes over the years.