Bloomberg: Binance Founder Changpeng Zhao Worth Over $ 96 Billion, Beating Asia's Richest Man

According to foreign news agency Bloomberg on the 10th, the figures of Changpeng Zhao (CZ), founder of Binance (Binance), the world's largest cryptocurrency exchange, are estimated at $ 96 billion, exceeded by the founder by Facebook Mark Mukeshi Ambani. , the richest man in Asia. Zuckerberg and Google founder Larry Page.

Additionally, Bloomberg noted that real assets are speculative, as these real estate estimates do not include real cryptocurrency, which has risen more than ten times last year, including Bitcoin and Binance Coins (BNB). Bigger.

Binance returns are 3x on Coinbase

Binance generated at least $ 20 billion in revenue last year, according to Bloomberg Volume and Value Assessment. That's nearly three times the 2021 revenue of $ 50 billion publicly traded company Coinbase. “From an American perspective, Coinbase might look like an £ 800 gorilla, but Binance is bigger,” said Chris Brendler, analyst at investment advisory firm DA Davidson & Co.

According to data from CoinMarketCap, in the past 24 hours, Binance's market share by volume has been estimated at $ 18.4 billion, with Coinbase in second place and FTX in third place, less than half of. Binance reunited.

According to Bloomberg's Crypto Rich Index ranking, CZ assets also outperform the crypto industry, with FTX founder Sam Bankman-Fried and Coinbase CEO Brian Armstrong being below CZ.

CZ Response

CZ did not comment on the asset's announcement, and Binance also questioned the accuracy of Bloomberg's analysis of the company's venture capital and liabilities.

"Cryptocurrency is still in its infancy and is experiencing very high volatility. The number you hear one day will be different from the number you hear the next."

However, according to previous reports, Chinese newspaper Caijing Magazine also reported prices in CZ last month. At the time, he tweeted, “If I sold 0.01% of my stake to someone for $ 1, the business would be worth around $ 10,000. The measure without capital is worth nothing.