For the first time, Bloomberg has assessed the state of the CEO of the largest cryptocurrency exchange Binance, Changpeng Zhao. According to the Bloomberg Billionaires Index, Zhao holds $ 96 billion in accounts.
Interestingly, Bloomberg analysts take into account only “real” assets when assessing the state – fiat money in bank accounts, real estate, securities, property, and so on. But cryptocurrencies are not included in the assessment. So Changpeng Zhao’s fortune is likely much greater.
Earlier, the CEO of Binance said that he only holds two cryptocurrencies in his portfolio – BTC and BNB. He put together such a concentrated portfolio on purpose – Zhao does not want the ownership of any coin to influence his decisions on how to manage Binance. Note that over the past year, the BNB rate has grown by 1,300%.
Currently, Zhao tops the Bloomberg ranking of cryptocurrency billionaires. In second place is the anonymous creator of Bitcoin Satoshi Nakamoto – here analysts deviated from their rule to take into account only real assets and counted 1.1 million BTC, which, presumably, Nakamoto owns. FTX CEO Sam Bankman-Fried ranks third with $ 15.4 billion.
Interestingly, Zhao began his journey to wealth in 2013. He played poker with Bobby Lee, who later launched the BTC China exchange, and investor Ron Cao. They convinced Zhao to invest 10% of his fortune in bitcoin. Zhao studied the topic and eventually sold the apartment to invest in the first cryptocurrency. In 2017, the Binance exchange was founded, which quickly gained popularity and became the largest exchange in the world.
Earlier, Zhao said that for listing a cryptocurrency or token on Binance, the main requirement is the popularity of the asset.
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