The crypto market has flourished in the past couple of years, so much so that Binance CEO is now competing against names like Bill Gates, Elon Musk, Mark Zuckerberg, etc. Bloomberg’s recent net worth evaluation shows Changpeng Zhao amassing a whopping 96 billion dollars in net worth.
The number puts the Binance CEO even above Mukesh Ambani, who is the 11th ranked Indian billionaire. There was a rise in online searches for reviews of Binance after the reports. According to the report, Zhao beats Mukesh Ambani by approximately 3 billion dollars as the latter stands at an equally astonishing 92.9 billion dollars on January 9th.
In a similar fashion, Larry Ellison from Oracle became the 10th richest man with 107 billion dollars in net worth. The development appears even more staggering given Binance’s launch four and a half years ago in July 2017.
It is still possible that the numbers are even undervalued as Bloomberg did not account for Zhao’s personal crypto holdings. For example, BNB, the native Binance token, surged 1300% in 2021, beating even Ethereum and Bitcoin. Back in May 2021, it even hit 675 dollars before dipping to 261 dollars.
Forbes’ estimate of Zhao’s net worth differs as it stood at mere 1.9 billion dollars in August 2021. On the other hand, the Hurun Global Rich List 2021 evaluated the number to be around 8 billion dollars.
As per Bloomberg Billionaires Index, Sam Bankman (FTX Founder) boasts 15.4 billion dollars in net worth, putting him in the 128th spot. Similarly, according to the report, Brian Armstrong (Coinbase CEO) also ranks at 279th.
Besides the latest development, Zhao also made headlines in India as the CEO met Sanjay Dutt recently. The renowned Bollywood actor even tweeted about the meeting, to which Zhao replied with “Honored.”
As expected, the development sparked a string of speculations; however, no official news came out from the meeting.
Source: https://www.cryptonewsz.com/binance-ceo-is-reportedly-richer-than-mukesh-ambani-with-96b-usd-net-worth/