Bloomberg: Binance CEO Changpeng Zhao Recognized as Richest Person in Crypto
Changpeng Zhao's fortune is estimated at $96 billion, surpassing that of Indian business tycoon Mukesh Ambani. The wealth of the Binance founder is now on par with that of Facebook (Meta) founder Mark Zuckerberg and Berkshire Hathway director Warren Buffett.
Why is it so important?
- The cryptocurrency industry has become one of the fastest-growing industries for emerging millionaires and billionaires
- This could attract an additional investment flow to Binance projects
According to UToday, the owner of the cryptocurrency exchange refuses to give any comments yet. Meanwhile, his press service said that it is very difficult to make any specific fortune estimates due to the high volatility of cryptocurrencies.
Previously, it was already reported that Binance's profit for 2021 was more than $20 billion, which exceeds the revenue of its American competitor Coinbase by several times. However, such a growth of the company aroused the disapproval of regulators: in some countries, Binance has already been fined several times. In most cases, due to the lack of a license to provide investment services.