Binance CEO Changpeng Zhao (CZ) has been ranked among the wealthiest people in finance, with an estimated net worth of $1.9 billion. With Binance becoming a major player in the cryptocurrency market, CZ’s rise to the top of the finance industry is no surprise. He joins other notable names such as Warren Buffett and Elon Musk on the Bloomberg Billionaires Index, solidifying the importance and success of the crypto industry in the global financial landscape.
Binance CEO Changpeng ‘CZ’ Zhao Among Top 3 Financial Titans According to Bloomberg
Binance CEO Changpeng ‘CZ’ Zhao has been named among the “25 financial titans” who amassed their fortunes through computer-driven trading companies, according to Bloomberg. Among the top three, CZ holds an estimated net worth of $28.2 billion, primarily from his exchange Binance.
Binance, founded in 2017, is currently the largest crypto exchange in terms of trading volume, controlling over 50% of the market and boasting over 120 million users. As of April 5th, Bloomberg has estimated Binance’s annual revenue to be around $12 billion. Before founding Binance, Zhao worked on trading systems and was introduced to bitcoin by crypto entrepreneur Bobby Lee during a Shanghai-based poker game.
On a Forbes list, CZ estimates to be worth $10.5 billion as of April 26th. Despite recent turbulence resulting from its regulatory scrutiny, Binance continues to flourish in the volatile crypto market.
Other notable financial titans on the list include Ken Griffin, Jeff Yass, Uday Kotak, Stan Druckenmiller, Todd Boehly, Guillaume Pousaz, Chase Coleman, John Overdeck and David Siegel, Marc Rowan, and André Esteves – all of whom have invested heavily in the crypto space. While Citadel founder Ken Griffin tops the list with a net worth of $35 billion, the Stripe Founders – Patrick and John Collison – share the same net worth of $5.1 billion each.
Conclusion:
Bloomberg has released a list of the top 25 financial titans who earned their wealth through computer-driven trading companies, with Binance CEO Changpeng ‘CZ’ Zhao among the top three. With a net worth of $28.2 billion, CZ made most of his wealth through his exchange, Binance, which has grown to become the largest crypto exchange in the world by trading volume. Despite recent regulatory scrutiny, Binance continues to thrive in the ever-changing crypto market.