Binance

Binance CEO becomes one of the richest people in the world

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According to reports, a cryptocurrency CEO has become one of the world’s wealthiest people. According to recent estimations from the Bloomberg Billionaires Index, Changpeng “CZ” Zhao, the founder of the cryptocurrency exchange Binance, has reached the ranks of the world’s top billionaires, with a net worth of at least $96.5 billion.

According to recent estimations from the Bloomberg Billionaires Index released Monday, Zhao, the founder of the Binance cryptocurrency exchange, has a net worth of at least $96 billion.

His estimated worth now equals Oracle (ORCL) founder Larry Ellison. It exceeds that of Indian businessman Mukesh Ambani, whose fortune has also risen dramatically in the previous two years.

“Unpopular opinion: instead of wealth rankings, there should be a rating of charity and philanthropic initiatives,” Zhao said in another tweet on Tuesday.

Binance was founded by him in 2017 and has since grown to become one of the world’s biggest cryptocurrency exchanges.

Other crypto founders, including Vitalik Buterin, the creator of Ethereum, and Brian Armstrong, the founder of Coinbase, became billionaires last year as virtual coins rose.