Nas Auctions Songs as NFTs, Propelling Binance CEO Binance Into The Ranks of the World’s Wealthiest

Who’d have guessed that the CEO of a company created only 5 years earlier would be among the global highest 15 richest? Changpeng Zhao, popularly known as CZ, has a net worth of $96 billion. 

CZ owns 90% of Binance, although his assets aren’t included. Changpeng Zhao was questioned in November 2021 and disclosed that he purchased Bitcoin in 2014 and that the other cryptocurrency he owns, BNB, accounts for the majority of his total fortune. CZ’s true worth could be significantly higher than $96 billion with this information.

Binance’s CEO responded to Bloomberg’s announcement with its following tweet on their official account:

“Don’t concentrate on positions. “Think about how many individuals you can help,” CZ commented.

Crypto Exchange CEO Billionaires Club.

Billionaires Index, the CEO of the largest cryptocurrency exchange Binance joins other crypto billionaires in the industry, including Sam Bankman-Fried and Brian Armstrong. They are all CEOs of major cryptocurrency exchanges.

Sam Bankman-Fried, who has a worth of $15.4 billion, is the CEO of FTX, a cryptocurrency exchange that created history last year by partnering with the MLB and naming the Miami Heats’ stadium.

Brian Armstrong, the CEO of Coinbase, has an estimated net worth of $8.93 billion. Coinbase began trading publicly on the Nasdaq exchange in April 2021.

Also Read: According To A Billionaire Investor, Signs Of A Bubble In Fintech Is Emerging

Binance’s Most Recent Achievements

Binance has developed significantly since its foundation, with many additional features such as staking and the NFT marketplace. One of CZ’s key focuses in Binance is cooperating as closely as possible with authorities.

The acquisition of Swipe shares, one of the largest crypto debit card issuers that work with Mastercard and Visa, was completed in late December 2021, said one of its most recent announcements. The majority of Swipe shares were purchased in July last year, kicking off the takeover.

In other recent headlines, the exchange announced a $1 billion investment round for its Binance Smart Chain network in October 2021 to reach 1 billion global crypto users.

Because of its popularity, most newcomers to the crypto market will most likely start with Binance. CZ’s true net worth, along with his crypto assets, seems to be on par with Mark Zuckerberg and Warren Buffett, who is among the five biggest billionaires.

Also Read: Elon Musk’s One-day Wealth Gain 2,71,50,00,000,000
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