December 11, 2023

Binance CEO doubles his fortune in a year

The CEO of the largest cryptocurrency exchange Binance, Changpeng Zhao, doubled hisfortune and became the richest person in the cryptocurrency industry.

Judging by the Hurun Global Rich List rating, Zhao’s fortune is estimated at $ 2.6 billion. Just a year ago, the assets of the Binance CEO accounted for half of this amount - $ 1.3 billion.

The co-founder was in second place.Micree Zhan, a Bitmain mining equipment company, which owns $ 1.6 billion. At the same time, its assets noticeably “lost weight” over the year - last year, Zhang's fortune was estimated at $ 2.7 billion.

Last fall, Jihan Wu succeededZhang as CEO of Bitmain, and not in a peaceful way. At the same time, Jihan Wu himself did not get on the list at all this year, although last year his fortune was estimated at $ 1.5 billion.

The rating also included the founder of the exchangeOKCoin Xu Mingxing with $ 1.4 billion of assets, Ripple Executive Chairman Chris Larsen with $ 1.3 billion of wealth, Huobi Exchange founder Li Lin, owning $ 1.1 billion, and Coinbase CEO Brian Armstrong (Brian Armstroing), whose fortune is estimated at $ 1 billion.

Representatives of the cryptocurrency industry were able tomake impressive fortunes, although they still cannot compete with the founders of traditional companies. So, the condition of Amazon creator Jeff Bezos is $ 140 billion. Moreover, last year Bezos divorced his wife, who sued him $ 44 billion.

Recently, Changpeng Zhao again called the self-proclaimed Bitcoin creator Craig Wright a scammer.