{"id":55590,"date":"2022-01-10T10:46:36","date_gmt":"2022-01-10T08:46:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=55590"},"modified":"2025-09-04T02:19:18","modified_gmt":"2025-09-03T23:19:18","slug":"bloomberg-puts-changpeng-zhaos-net-worth-at-96-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bloomberg-puts-changpeng-zhaos-net-worth-at-96-billion\/","title":{"rendered":"Bloomberg puts Changpeng Zhao’s net worth at $96 billion"},"content":{"rendered":"

Changpeng Zhao, the founder and CEO of the cryptocurrency exchange Binance, has a net worth of $96 billion, according to Bloomberg<\/a>.<\/p>\n

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The assessment is based on Binance’s valuation, in which Zhao reportedly owns about a 90% stake. His digital assets are not included in the calculations.<\/p>\n

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Even so, Zhao is richer than Indian magnate Mukesh Ambani and has approached the fortunes of the co-founders of tech giants, including Mark Zuckerberg, Larry Page, and Sergey Brin.<\/p>\n

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According to Bloomberg, Binance earned about $20 billion in revenue in 2021. This is roughly three times the forecast for Coinbase, the largest American cryptocurrency exchange \u2014 publicly traded company<\/a> valued at $50 billion.<\/p>\n

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\\\"Bloomberg
Daily trading volumes. Data: Bloomberg.<\/figcaption><\/figure>\n

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Binance disputed the accuracy of Bloomberg’s valuation of the company and of its founder’s fortune.<\/p>\n

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\u201cCryptocurrencies are still in a growth phase. They are subject to high volatility. Any figure you hear today will differ from what you hear the next day,\u201d Binance said.<\/p>\n<\/blockquote>\n

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Earlier, Zhao declined to comment on the size of his fortune.<\/p>\n

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\u201cI don’t care about wealth, money, or rankings,\u201d he told the publication.<\/p>\n<\/blockquote>\n

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As reported in November 2021 by China Caijing estimated Zhao’s fortune at $90 billion<\/a>, based on the assumption that he owned a 30% stake in Binance.<\/p>\n

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In March, the Hurun Research Institute released its ranking of crypto billionaires for 2020. Zhao’s fortune was estimated at $8 billion<\/a> \u2014 he trailed only FTX CEO Sam Bankman-Fried ($10 billion) and Coinbase CEO Brian Armstrong ($11.5 billion).<\/p>\n","protected":false},"excerpt":{"rendered":"

Changpeng Zhao’s net worth, the founder and CEO of the Binance cryptocurrency exchange, is $96 billion, according to Bloomberg.<\/p>\n","protected":false},"author":1,"featured_media":55591,"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-55590","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":"33","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55590","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=55590"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55590\/revisions"}],"predecessor-version":[{"id":55592,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55590\/revisions\/55592"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/55591"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=55590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=55590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=55590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}