Since Binance founder Changpeng Zhao was released from prison a little over a year ago after serving time for failure to enforce the Bank Secrecy Act, his estimated net worth has increased by approximately $20 billion.
Archives of Forbes’ website show that it estimated his net worth at approximately $61 billion when he exited prison.
Now, that same publication lists his estimated wealth at $80.6 billion, an increase of nearly $20 billion.
Meanwhile, Bloomberg, which maintains its own net worth list, estimated Zhao’s net worth to be somewhere around $30.8 billion when he exited prison. It now has it at approximately $52.1 billion, an increase of just over $20 billion.
Read more: CZ called pardon reports false, now he’s applying for one
Forbes’ notes on Zhao include that he “still owns an estimated 90% of the exchange plus a stash of its BNB tokens.”
BNB has seen its price increase by over 80% since Zhao was released from prison.
Zhao has also started re-engaging with the industry, jumping in to endorse Aster, a perpetuals exchange that was funded by YZi Labs (formerly Binance Labs).
He’s also invested more time in his so-called Giggle Academy, an online platform that advertises itself as “a free online education product for children worldwide.”
He’s also reportedly sought a pardon from the Trump administration.
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Source: https://protos.com/cz-net-worth-increase-20b-since-prison/