Former Binance CEO’s Fortune Rose $25B This Year
Bloomberg has highlighted the surge in the estimated personal capital of Binance founder Changpeng Zhao (CZ) to $37.2 billion, driven by the cryptocurrency market’s recovery.
Though this is below the peak of $96.6 billion in January 2022 and the June high just above $50 billion, CZ’s net worth has grown by almost $25 billion since January.
Notably, he leads the list of crypto billionaires whose net assets increased in the past year, including Brian Armstrong (Coinbase CEO), Fred Ehrsam (exchange co-founder), Barry Silbert (DCG founder), and Tyler and Cameron Winklevoss (Gemini founders).
Campbell Harvey, a finance professor at Duke University, emphasized the resilience of these billionaires, attributing their success to a steadfast belief in the long-term opportunities of the cryptocurrency industry despite its inherent volatility.
