CZ Says Forbes Richest List Is Not Accurate
In response to this Forbes richest list, Zhao said on X that the reported figure was “not accurate.”
He described global rich lists as “guess a number lists,” suggesting that such rankings often rely on rough estimates rather than precise financial data.
Further, he also pointed to overall market conditions, noting that Bitcoin and the overall crypto market remain about 50% below their all-time highs. According to him, this makes it difficult to determine an exact valuation of crypto-related wealth.
Crypto Billionaires Enter Global Rich List
Zhao’s wealth now places him ahead of several well-known global business figures, including Bill Gates and Mukesh Ambani, on certain rich-list rankings.
Perhaps, Zhao is not the only crypto figure appearing on global billionaire rankings.
Giancarlo Devasini, Bitfinex exchange CFO and Co-founder of Tether, has an estimated net worth of $89.3 billion. That places him 22nd on global wealth rankings.
Both Zhao and Devasini stand among the few individuals in the top 25 whose fortunes are largely built on the cryptocurrency industry.
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FAQs
Changpeng Zhao’s net worth is estimated around $110 billion, largely tied to his ownership stake in Binance, making him one of the richest people in the world.
No. Changpeng Zhao is among the world’s richest individuals but not the richest. His estimated wealth places him around the top 20 globally.
CZ built his fortune by founding Binance in 2017. The exchange grew rapidly and became the largest crypto trading platform by volume.
Yes. Figures like Giancarlo Devasini, linked to Tether and Bitfinex, also appear on global billionaire rankings due to the crypto industry’s growth.
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