This year’s edition of Hurun Global Rich List was published on 26 February and Binance’s CEO, Changpeng Zhao, emerged as the wealthiest man in the cryptocurrency industry with a net estimated worth of approximately $2.6 billion.
Sometimes, when we think of the richest people in the digital currency world, we certainly see an image of the Winklevoss twins. As of June last year, the two who are commonly known as the Billionaire brothers were estimated to have been worth $1.45B in crypto assets. However, as they say, new things in the New Year, we have a new billionaire who is now at the top of the global rankings.
A new report from the 9th edition of the Hurun Global Rich List, Binance CEO Changpeng’ CZ’ Zhao is currently the world’s wealthiest man in the cryptocurrency industry. The Hurun Global Rich List is a list of people who have made their way to the top of the pyramid. It’s fair to me to conclude that Changpeng Zhao has finally made it to the top.
Moreover, as a result of Binance’s success over the past year, the Chief of Binance has so quickly reached the top of the list. Numerous products that Binance has launched over the past year have had a significant impact on its owners ‘ wallets.
CZ Doubled Net Worth Within a Year
Shockingly, according to the report, Changpeng Zhao has more than doubled his net worth in 12 months. One year earlier, Binance CEO’s net worth was around $1.25 billion. Coming as runners up, Bitmain co-founder of Zhan Ketuan, who has a net worth of some $1.6 billion, comes in second place to’ Bitcoin Billionaire.’
Almost every emerging market need has been answered by the major exchange firm; from the start of cryptocurrency futures trading to the implementation of margin trading. In addition, the firm recently launched a trading platform for Binance, which has been developed to empower small-scale local exchanges with preferred market performance.
Nevertheless, the CEO of Binance has repeatedly complained about the unfair treatment by mainstream media. CZ hit back on ‘ fake news ‘ and even went on to propose the creation of an ‘ anti-FUD fund. ‘Apparently, both CZ and Tron’s Justin Sun will run the anti-FUD fund. In addition, the ‘ Bitcoin Billionaire ‘ cooed for the introduction of the cryptocurrency news legislation. CZ quashed recent media claims that the Binance Exchange network is not located in Malta.
In conclusion Amazon CEO and founder Jeff Bezos hold the top spot as the richest man in the world; the Hurun Global Rich List 2020 with a massive net worth of $140 billion. However, its net worth was cut by $7 billion compared to the previous year. This is mainly due to the biggest divorce in the world from his former wife, MacKenzie Bezos. She also made this year’s list with a total net worth of $44 billion.