How rich is Binance CEO Changpeng Zhao?

Changpeng Zhao’s wealth has been estimated for the first time by the Bloomberg Billionaires Index. Binance CEO Changpeng “CZ” Zhao is worth an estimated $96 billion, a figure that rivals tech billionaires Mark Zuckerberg, Larry Page and Sergey Brin, according to Bloomberg.

Is Binance's Changpeng Zhao acquiring FTX?

Binance ( BNB-USD) CEO Changpeng Zhao has signed a non-binding letter of intent to acquire FTX. FTX experienced a “liquidity crunch” after it was revealed that much of Alameda Research’s assets were comprised of FTX Token ( FTT-USD ). FTX Token is down more than 70% today.

Who is Changpeng Zhao?

Changpeng Zhao, who goes by CZ, is the founder and CEO of Binance, the largest cryptocurrency exchange in the world. The Chinese-Canadian coder cut his teeth building high-frequency trading systems for Wall Street's flash boys. Zhao founded Binance in July 2017, raising $15 million through an initial coin offering.

Who owns 90% of Binance?

Bloomberg assumed Zhao owns 90% of Binance, and estimated the exchange’s revenue from spot and derivatives trading volumes and advertised fees. It valued the business based on publicly traded peers. Zhao declined to comment to Bloomberg, and Binance disputed the accuracy of the estimates.