Binance Founder Surpasses Bill Gates in Wealth, Net Worth Swells to Over $150 Billion.

Financial Report: Changpeng Zhao's Net Worth Surpasses $113 Billion

Key Figures:

• $113 billion: Changpeng Zhao's net worth, making him one of the 20 billionaires with over $100 billion in net worth.
• $103.9 billion: Bill Gates' net worth, ranking him as the 19th richest person in the world.
• $109.4 billion: Michael Bloomberg's estimated wealth.
• $47 billion: Changpeng Zhao's net worth in 2023.
• 90%: Changpeng Zhao's estimated ownership stake in Binance.
• $100 billion: Estimated value of Binance.
• $30 trillion: Annual transaction volume handled by Binance.
• $50 million: Fine paid by Changpeng Zhao in 2023.
• 4 months: Custody sentence served by Changpeng Zhao.

Market Analysis

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Binance, the world's largest cryptocurrency exchange founded by Changpeng Zhao in 2017, is the primary source of his wealth. With an estimated 90% ownership stake, Zhao's net worth has skyrocketed from $47 billion in 2023 to $113 billion. The company's dominance in the market, with a 38% market share, has contributed to its estimated value of over $100 billion. Binance handles over $30 trillion in annual transaction volume across spot and derivative markets.

Portfolio Breakdown

Zhao's portfolio consists of:

• Binance: Estimated value of over $100 billion.
• 1,400 bitcoins: Dropped by 25% over the past 12 months to $100 million.
• BNB: Coinbase's own cryptocurrency, which has remained volatile over the past year.

Read also: Bitcoin's Inflation-Hedging Potential Erodes as Price Falls Below $70,000

Biographical Information

Changpeng Zhao, 47, is the founder of Binance. Despite facing charges and a $50 million fine in 2023, Zhao's net worth has surpassed $113 billion. He stepped down as CEO in 2023 and served a 4-month custody sentence, which he completed in September last year.