A Crypto CEO and Founder Just Became One of the World's Richest Billionaires
Changpeng Zhao is the founder of popular crypto exchange platform Binance. Binance founder Changpeng "CZ" Zhao, whose company is a crypto exchange platform that runs the largest daily trading volume of crypto coins, has joined the ranks of the world’s top billionaires after his net worth hit an impressive $96 billion, per new reports on Monday. Per Forbes, Binance reached an impressive $2 trillion in total trading volume in 2020. Zhao’s latest net worth jump places him just below Oracle founder Larry Ellison (whose net worth is listed at $109 billion) and Steve Ballmer, Los Angeles Clippers owner and former CEO of Microsoft who is listed at $112 billion. Bloomberg notes that Zhao’s true net worth could actually be much larger than anticipated as earnings on his crypto investments and holdings are not being taken into account. Though Zhao founded Binance in China, it is currently banned there due to regulations against crypto mining and trading in the country. “Crypto is st...