Changpeng Zhao "SZ" named as the richest person in crypto


Changpeng Zhao "SZ" named as the richest person in crypto

Binance CEO and founder Changpeng Zhao "SZ" has been named by Bloomberg as the richest person in crypto. Bloomberg estimates his net worth to be around $96 billion excluding his personal crypto holdings which are unknown. His estimated fortune exceeds Asia’s richest person, Mukesh Ambani.

Binance disputed the accuracy of Bloomberg’s estimates of the firm’s market value and his net worth.

“Crypto is still in its growth stage,” Binance said in a statement. “It is susceptible to higher levels of volatility. Any number you hear one day will be different from a number you hear the next day.”

FTX founder Sam Bankman-Fried is the second richest known person in crypto with a estimated net worth $15.4 billion. He is followed by Coinbase co-founder with a estimated net worth of $8.9 billion.