Home » Business » Binance Co-founder Changpeng Zhao Ranks Among Top Billionaires in Forbes List With $33 Billion Fortune

Binance Co-founder Changpeng Zhao Ranks Among Top Billionaires in Forbes List With $33 Billion Fortune

Co-founder and ex-CEO of Binance Changpeng Zhao took 50th place in the new ranking of billionaires from Forbes with a fortune of $33 billion.

According to the publication, the entrepreneur’s wealth peaked in 2022 at $65 billion. But then the figure dropped to $10.5 billion.

Bloomberg in his own billionaires index credits Zhao with holding assets worth $45.1 billion. The figure increased by $10.7 billion over the year, according to the agency.

At the end of 2023, Forbes counted 2,781 billionaires in the world. This was a record high in history, as was the total amount of their wealth – $14.2 trillion.

In terms of countries, the leader remains the United States, which is home to 813 owners of such conditions (total: $5.7 trillion). In second place is China (including Hong Kong) with figures of 473 and $1.7 trillion, respectively.

The list also includes other representatives of the crypto industry. Coinbase co-founder and CEO Brian Armstrong was in 180th place with $11.2 billion.

The largest shareholders of the USDT stablecoin issuer, Tether, made their debut in the ranking: Giancarlo Devasini ($9.2 billion), Paolo Ardoino ($3.9 billion), Jean-Louis van der Velde ($3.9 billion) and Stuart Hogner ($2.5 billion).

Total edition counted 17 Cryptocurrency Entrepreneurs Worth Over a Billion Dollars. Among them:

  • Ripple co-founders Chris Larsen ($3.2 billion) and Jed McCaleb ($2.9 billion);
  • Gemini founders Winklevoss brothers ($2.7 billion each);
  • Mike Novogratz ($2.5 billion);
  • Michael Saylor ($4.4 billion) and others.

The least amount of wealth among industry representatives in the Forbes ranking was determined by the co-founders of the infrastructure Web3 platform Alchemy Joe Lau and Nikhil Viswanathan – $1.5 billion each.

Let us remind you that Changpeng Zhao is scheduled to be sentenced by a US court on April 30 on charges of money laundering.

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2024-04-02 15:17:42
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