US EditionHow Crypto Billionaire CZ Became Richer Than Bill Gates
- On Wednesday, Forbes reported Changpeng 'CZ' Zhao's net worth was $109 billion, just above Gates' $105 billion, but CZ disputed the estimate of a nearly $47 billion increase from last year.
- The valuation rested on Forbes attributing most of CZ's wealth to a roughly 90% ownership stake in Binance and about $100 billion valuation based on global market share.
- Holdings show CZ holds an estimated 1,400 Bitcoin that fell 15% last year, while his majority of BNB tokens gained 17% and BNB price $643.89 rose 0.61% recently.
- CZ questioned how his net worth could rise when cryptocurrency prices fell, calling Forbes' estimate 'just a bit illogical' and noting Binance's revenue is tied to trading volumes that shrink during a crypto winter.
- Against that legal backdrop, CZ served a 2024 four-month prison sentence, paid a $50 million fine, and resigned as CEO of Binance, contrasting with his wealth surge.
19 Articles
19 Articles
Bill Gates Behind Changpeng Zhao In Terms Of Wealth? Here's Why The Crypto Billionaire Calls The Estimate A 'Bit Illogical'
Binance (CRYPTO: BNB) co-founder Changpeng “CZ” Zhao disputed on Wednesday Forbes’ estimate that his net worth has exceeded $111 billion, ranking him ahead of Microsoft co-founder Bill Gates. CZ Says Wealth Can’t Increase In Bear Market Forbes reported that CZ’s wealth jumped nearly $47 billion from last year. But CZ asked how that was possible, given that cryptocurrency prices have dropped over the same period. “Binance is the largest crypto ex…
According to Forbes, Binance founder Changpeng Zhao owns USD 110 billion and thus overtakes Microsoft co-founder Bill Gates in the billionaire ranking. Source: BTC-ECHO BTC-ECHO
Is Binance's CZ Really Richer than Bill Gates?
Forbes’ newly announced 2026 Billionaires list shows that Binance founder Changpeng Zhao (CZ) is now richer than tech mogul Bill Gates. CZ came in 17th place in the magazine’s annual ranking of the richest people in the world, while Gates is placed not far from him at 19th. CZ Outranks Gates in Forbes Billionaire List Released annually, the Forbes Billionaires List provides a real-time snapshot of the wealth of the most prolific entrepreneurs, i…
After an update on Tuesday, Changpeng Zhao would have passed Bill Gates in the Forbes billionaire rankings. Can we rely on the sums advanced? The Changpeng Zhao article would now be richer than Bill Gates, but can we be sure? appeared first on Cryptoast.
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