Bloomberg newspaper has made an estimate of the fortune that Binance CEO Changpeng Zhao is holding, making him the richest Asian billionaire in the world.
Bloomberg on January 9 estimated that Binance CEO and founder Changpeng Zhao has a net worth of up to $95.8 billion and is the richest person in the crypto industry at the moment, far behind. following names such as FTX CEO Sam Bankman-Fried or Coinbase CEO (NASDAQ:COIN) Brian Armstrong, even surpassing the richest Indian billionaire in Asia, Mr. Mukesh Abani with a fortune of 92, 9 billion USD.
As for the calculation, Bloomberg said it gives an estimate of the company's value based on Binance's revenue in 2021, specifically about $20 billion, coming from the exchange's spot and derivatives fees based on volume. transactions, but does not include Binance's income streams from margin, lending, NFT and other businesses. Next, Mr. Changpeng Zhao is said to own 90% of the shares in Binance, leading to the final figure for his net worth at $95.8 billion. Bloomberg notes that the Binance CEO may also hold other cryptocurrencies, making his net worth could be much higher.
Notably, Bloomberg's statistics also include Satoshi Nakamoto, assuming the anonymous founder of Bitcoin (BitfinexUSD) is still holding the 1.1 million BTC he has mined since the early days of the coin. this. With the current value of Bitcoin, Satoshi is said to own up to 45.8 billion USD, making him second on the list of crypto billionaires.
Before that, in October 2021, Forbes Magazine also published a list of the richest billionaires in the crypto industry, with the "champion" awarded to Mr. Sam Bankman-Fried with a fortune of $22.5 billion. , and by January 2022 has increased to 26.5 billion USD. However, Forbes' statistics caused a lot of controversy when it did not mention Changpeng Zhao, but was limited to crypto entrepreneurs from the US.
In addition, between the two statistics of Bloomberg and Forbes also recorded a significant difference, when Bloomberg said that the net worth of FTX CEO was only 15.4 billion USD, while the figure given by Forbes was higher. a lot of.
In an interview with the AP news agency in November 2021, the CEO of Binance confirmed that he only holds Bitcoin (BTC) and Binance Coin (BNB, and stated that he is ready to use all of his assets to invest in Bitcoin) charity.Mr. Changpeng Zhao also recently moved to Dubai (UAE) and has moved to promote cryptocurrency adoption with the authorities in this country, sparking many rumors that Binance will be located. headquarters in Dubai. This is the move by the world's largest cryptocurrency exchange to reassure global financial regulators after a year of Binance's regulatory troubles in 2021.
