Cryptocurrency has cultivated a new generation of billionaires. The CEO of Binance exchange, Changpeng Zhao, is the richest crypto billionaire with his wealth amounting to $96 Billion according to Bloomberg.
Changpeng Zhao is now the 11th richest person on the earth. Bloomberg didn’t take into account his personal holding of Bitcoin (BTC) and Binance Coin (BNB) while calculating the total wealth.
Binance remains the top cryptocurrency exchange in terms of trading volume across the globe. In the case of public listing, Binance is estimated to be valued at $300 billion.
CZ is the face of the company. He is also among the most sought out person on crypto Twitter.
Be bald, be bold, and hold. 😄 https://t.co/4McC7W7hLz
— CZ 🔶 Binance (@cz_binance) January 11, 2022
With the current amount of wealth, CZ has crossed India’s top Billionaire Mukesh Ambani. Oracle’s founder Larry Ellison 1 position above CZ with an additional wealth of $11 billion. Whereas, Elon Musk remains the world’s richest person having wealth of $263 billion.
Also Read: Solana Blockchain Attack Causes Degraded Performance
The cryptocurrency market had a boom in 2021. Many traditional institutes have turned towards crypto for investment. The price of cryptocurrency skyrocketed cultivating a new generation of crypto billionaires.