Changpeng Zhao, CEO of Binance, tops the list of the richest crypto billionaires with an estimated net worth of $96 billion.
According to Bloomberg, CZ ranks 11th among the richest people in the world as Binance maintains its position as the largest crypto exchange by trading volume.
CZ, the 44-year-old cryptocurrency founder, has acquired Asia’s richest billionaire, Mukesh Ambani, despite Bloomberg’s exclusion of personal cryptocurrencies such as Bitcoin (BTC) and Binance Coin (BNB) local tokens.
Czechoslovakia lags behind Oracle co-founder Larry Ellison, whose net worth currently exceeds nearly $11 billion, Bloomberg estimates. While Bloomberg first assessed CZ’s fortunes, Binance’s growth trajectory points to an opportunity to outpace tech giants such as Metas’ Mark Zuckerberg and Google co-founders Larry Page and Sergey Brin.
Zuckerberg, Page and Brin are currently ranked fifth, sixth and seventh, respectively, while Tesla CEO Elon Musk is on the list of billionaires with an estimated fortune of $263 billion.
The 10 richest billionaires. Source: Bloomberg Billionaires Index.
Data from Cointelegraph Markets Pro and TradingView confirm that the price of BNB has increased by more than 1,300% in the past year alone. By her reckoning, Czechoslovakia will be the first crypto entrepreneur to reach the top 10 billionaires list.
BNB token price dynamics for FY 2021. Source: TradingView.
Related: Ex-Binance Exec Says Exchange Valued at $300 Billion: Report
Binance’s global success can be attributed to CZ’s continuous efforts to obtain operating licenses in all jurisdictions of the world. Despite regulatory barriers, Binance maintains ongoing partnerships and a series of acquisitions to remain a leader in cryptocurrency trading.
Recently, the cryptocurrency exchange completed its acquisition of Swipe, a leading provider of Visa cards for cryptocurrency that operates in more than 70 million locations worldwide. In addition, Binance has also launched a $1 billion initiative to accelerate the development of the Binance smart-chain ecosystem and facilitate mass adoption in the fintech sector.