The renowned crypto exchange recently completed the acquisition of Swipe, a popular Visa Card provider with well over 70 million locations worldwide. Regulatory challenges notwithstanding, Binance continues to collaborate and acquire new companies to remain a leader in the crypto trading sector. The success of Binance can be attributed to the relentless efforts of Zhao to get working licenses across various international jurisdictions. Bloomberg can confirm that Binance made at least $29 billion in sales in 2021.ĭata from Cointelegraph Markets Pro and TradingView have it that the price of BNB has increased by nearly 1,300 percent in the last year, and should BNB growth continue at this rate and pace, CZ will become the first crypto mogul to make the top 10 billionaire’s list. Reports from Coingecko have it that Binance is the world’s largest cryptocurrency exchange, techniques to analyse the bitcoin market with a 24-hour trading volume raking as high as $106 billion as of January this year. By Bloomberg’s index, the 44-year old’s business competitors include FTX founder Sam Bankman-Fried (with a net worth of $15.4 billion), and Coinbase CEO, Brian Armstrong (with a net worth of $8.9 billion). While Bloomberg is estimating Zhao’s net worth for the very first time, the growth trajectory of Binance suggests that it might overtake IT gurus like Meta’s Mark Zuckerberg and Google’s Larry Page and Sergey Brin.Īt the moment, Mark Zuckerberg, Larry Page, and Sergey Brin are ranked in the list of billionaires at the 5th, 6th, and 7th spots respectively, with Tesla boss, Elon Musk clinging the first position with an estimated net worth of $263 billion. It is noteworthy, however, that since Zhao’s assets were excluded in the $96 billion number, it is extremely probable that his net worth is significantly understated.ĬZ has been estimated to rank slightly behind the co-founder of Oracle, Larry Ellison, who has about a billion US dollars more than the crypto mogul, according to Bloomberg. With a net worth of $96 billion, the CEO of Binance, Changoeng Zhao, more commonly referred to as CZ, is officially the wealthiest crypto billionaire.Īccording to Bloomberg, CZ claimed the 11th spot among the world’s wealthiest people as Binance held its place as the biggest crypto exchange by trading volume.ĭespite Bloomberg excluding CZ’s personal crypto assets such as Bitcoin and the exchange’s primary Binance Coin (BNB) tokens, the 44-year old crypto boss surpassed Asia’s richest billionaire, Mukesh Ambani.
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