Also, it is hard for us to confirm CZ’s personal wealth,” a spokesperson for the exchange reportedly told Forbes via email. Binance CEO Changpeng CZ Zhao said he’s willing to step down from his role as the cryptocurrency exchange seeks to become a regulated financial institution. “It is difficult for us to confirm the worth of Binance due to the market volatility. Forbes and Binanceįorbes ’ estimate of Binance’s valuation relied on the advice of “several crypto industry analysis,” and involved multiplying the exchange’s estimated revenue by the enterprise value-to-sales multiple of Coinbase Global.īinance, however, admitted that it is difficult to confirm the exchange's net worth-as well as CZ’s. I’m not too bothered about it,” he also told Forbes last summer. Binance was launched by Zhao, known as CZ, in Shanghai in 2017 and as of July controlled over half of the worlds crypto trading markets, processing transactions worth more than 2 trillion that. CEO Changpeng CZ Zhao’s mysterious associate Guangying Chen emerges as a key player in his company’s operations, which are the subject of a recent lawsuit from the SEC. “I don’t really know what my net worth is. In January 2021, CZ told Forbes he “maybe” owned about 30% of Binance. #ForbesBillionaires įorbes estimates CZ’s ownership stake in Binance to be at least 70%, which also represents a steep increase from statements the Binance CEO has made to Forbes in the past. Zhao is the co-founder and CEO of Binance. For example, many people say that Regulation is. Binance’s Changpeng Zhao went from zero to $65 billion in under five years, leaving Michael Dell, Charles Koch and 2,645 other world billionaires in the dust. Binance CEO CZ Vaults Into Forbes Top 20 Richest As 200M Forbes Deal Looms - Decrypt 2.57 3.84 0.66 1.58 0.50 1.31 8.60 0.36 4.52 1.60 2.32 -2.91 -2.08 1.10 -0.06 3.99 0.16 3.72 2.05 Lido DAO 1.79 2.22 0.05288 0.27 6.36 3.62 0.01613941 0.33 1.22 2.36 0.11844 5.59 Aave 55.71 1.84 ApeCoin 2.18 -2. Changpeng Zhao commonly known as CZ, is a Chinese-born Canadian businessman, investor, and software engineer. Binance CEO Changpeng Zhao or CZ notes that there are many misconceptions out there about crypto and that he will address a few of them.
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