{"id":53819,"date":"2021-11-30T16:42:44","date_gmt":"2021-11-30T14:42:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=53819"},"modified":"2025-09-03T17:06:33","modified_gmt":"2025-09-03T14:06:33","slug":"journalists-value-changpeng-zhaos-net-worth-at-90-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/journalists-value-changpeng-zhaos-net-worth-at-90-billion\/","title":{"rendered":"Journalists value Changpeng Zhao\u2019s net worth at $90 billion"},"content":{"rendered":"<p>Binance CEO Changpeng Zhao topped the ranking of the wealthiest ethnic Chinese according to China Caijing, ahead of the founders of Nongfu, ByteDance (TikTok) and Tencent. The magazine<a href=\"https:\/\/m.weibo.cn\/status\/4709273063917419?\"> \u043e\u0446\u0435\u043d\u0438\u043b<\/a> his net worth at 573.3 billion yuan ($90 billion).<\/p>\n<p>In calculating, the publication used Zhao&#8217;s 30% stake in the Bitcoin exchange, based<a href=\"https:\/\/u1f987.com\/en\/news\/forbes-crypto-billionaire-list-quadruples\"> on Forbes data<\/a>. On November 11, <a href=\"https:\/\/www.wsj.com\/articles\/binance-became-the-biggest-cryptocurrency-exchange-without-licenses-or-headquarters-thats-coming-to-an-end-11636640029?mod=e2tw\">WSJ<\/a> valued the company at $300 billion.<\/p>\n<p>In October, Forbes itself indicated that the CEO&#8217;s personal wealth amounts to<a href=\"https:\/\/www.forbes.com\/profile\/changpeng-zhao\/?sh=5fa03de6277b\"> $1,9 \u043c\u043b\u0440\u0434<\/a>.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/KleI9V9Ym7gTJYWdPmMByKjvxeffzpLjJGxiI2SYgNlV-qC_Z8UZafSunbbDHFiXv8HkzBz4T2KDvpctlrC2LTBjUp1VTH1tsy8OlyJBvP9Jkf1-tJj3EUP7O-uE7dOzR9haNT20\" alt=\"\u0416\u0443\u0440\u043d\u0430\u043b\u0438\u0441\u0442\u044b \u043e\u0446\u0435\u043d\u0438\u043b\u0438 \u0441\u043e\u0441\u0442\u043e\u044f\u043d\u0438\u0435 \u0427\u0430\u043d\u043f\u044d\u043d\u0430 \u0427\u0436\u0430\u043e \u0432 $90 \u043c\u043b\u0440\u0434\"\/><figcaption><meta charset=\"utf-8\">\u0414\u0430\u043d\u043d\u044b\u0435:<a href=\"https:\/\/www.forbes.com\/sites\/johnhyatt\/2021\/04\/06\/the-cryptocurrency-tycoons-on-forbes-2021-billionaires-list\/?sh=437ad1db25e2\"> Forbes<\/a>.<\/figcaption><\/figure>\n<p>There is no official information about Zhao&#8217;s stake in Binance. Moreover, he has repeatedly said that he holds some amount of BTC and BNB.<\/p>\n<p>In May, in<a href=\"https:\/\/u1f987.com\/en\/news\/cz-on-nfts-a-failed-startup-and-binances-investment-appetites-interview\"> exclusive ForkLog<\/a> interview, the exchange&#8217;s CEO called his personal fortune &#8216;a very subjective indicator&#8217;.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This is not money in the account. I personally don&#8217;t hold dollars in the bank at all. When talking about the founder&#8217;s wealth, it&#8217;s about his stake or crypto portfolio. And there are many exceptions&#8221;, Zhao noted.<\/p>\n<\/blockquote>\n<p>In November, one of the crypto community on Twitter wrote that FTX CEO Sam Bankman-Fried is &#8220;not the richest in the world&#8221;. In response, The Block analyst Larry Cermak mentioned Changpeng Zhao.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I\u2019m not even joking about this lmfao I don\u2019t think people realize how much of Binance equity he holds. Mostly illiquid but then you add BTC and BNB holdings and it\u2019s wild<\/p>\n<p>\u2014 Larry Cermak (@lawmaster) <a href=\"https:\/\/twitter.com\/lawmaster\/status\/1459951851084779522?ref_src=twsrc%5Etfw\">November 14, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;I don\u2019t think people realize how much of Binance&#8217;s equity belongs to him. Mostly illiquid, but then you add BTC and BNB holdings, and it\u2019s colossal,&#8221; wrote Cermak.<\/p>\n<\/blockquote>\n<p>Another Twitter user noted that Zhao&#8217;s personal fortune should be &#8220;much larger&#8221; than the media-reported $2 billion.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Yea that\u2019s two orders of magnitude wrong<\/p>\n<p>\u2014 Larry Cermak (@lawmaster) <a href=\"https:\/\/twitter.com\/lawmaster\/status\/1459953216687382533?ref_src=twsrc%5Etfw\">November 14, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Yes, that\u2019s a profound misconception,&#8221; the analyst replied.<\/p>\n<\/blockquote>\n<p>In March, Hurun, a Chinese research institute, presented<a href=\"https:\/\/u1f987.com\/en\/news\/brian-armstrong-and-sam-bankman-fried-top-the-crypto-billionaire-list-ahead-of-changpeng-zhao\"> the ranking of crypto billionaires<\/a> based on the 2020 results. The wealth of the Binance chief was valued at $8 billion \u2014 he trailed only Sam Bankman-Fried ($10 billion) and Coinbase CEO Brian Armstrong ($11.5 billion).<\/p>\n<p>In late November, Bloomberg reported<a href=\"https:\/\/u1f987.com\/en\/news\/changpeng-zhao-buys-property-in-dubai-as-media-hint-at-binance-opening-office-in-the-emirate\"> that Zhao bought property in crypto-friendly Dubai<\/a>.<\/p>\n<p>Subscribe to the ForkLog channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance CEO Changpeng Zhao topped the ranking of the wealthiest ethnic Chinese according to China Caijing, with a net worth of 573.3 billion yuan ($90 billion).<\/p>\n","protected":false},"author":1,"featured_media":53820,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,935],"class_list":["post-53819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-changpeng-zhao"],"aioseo_notices":[],"amp_enabled":true,"views":"69","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=53819"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53819\/revisions"}],"predecessor-version":[{"id":53821,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53819\/revisions\/53821"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/53820"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=53819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=53819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=53819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}