Binance CEO And Ex-McDonald’s Employee: Billionaire Holding The World’s Biggest Crypto Fortune Today

With a $96 billion net worth (as per estimates), Binance CEO Changpeng Zhao’s fortune now exceeds Asia’s richest person, Mukesh Ambani, and officially rivals several tech titans including Mark Zuckerberg and Google founders Larry Page and Sergey Brin.

A former McDonalds employee and Chief Executive Officer of the world’s largest cryptocurrency exchange Binance, he is now the world’s richest crypto billionaire as well, putting him in the same league with big names like Elon Musk, Jeff Bezos, Bill Gates, Mark Zuckerberg, Larry Ellison, and others. What’s more, Zhao’s actual pool of fortune could be significantly larger, as the wealth estimate doesn’t even take into account his personal crypto holdings.

2021 Abu Dhabi Grand Prix Appearance

Abu Dhabi Grand Prix – a prime event that gathers princes, movie stars and even world-famous athletes to a party on Yas Island (the entertainment hub about 30 minutes from the center of downtown), was held last month. And blending amongst this crowd was the 11th richest man in the world, and a figure charting an unlikely ascent: the crypto market’s pioneer Changpeng Zhao.

Dubbed as ‘CZ’ by the crypto community, Changpeng Zhao has transformed into a personality that even the royalty in Abu Dhabi are eager to work with, in order to bring Binance into their country, according to those in the know of the situation.

In November, Zhao bought an apartment in Dubai as a show of commitment to the place, he has hosted dinners near the Burj Khalifa, the world’s tallest building, and on the city’s Palm Jumeirah island: making his status as the most notable figure in the crypto scene quite apparent.

Occupying 11th place in the Bloomberg Billionaires Index, he’s placed between Mukesh Ambani, CEO of Indian giant Reliance Industries, at No. 12 and No. 10, Larry Ellison, cofounder of Oracle, who is worth an estimated $107 billion in accordance with the Index.

Binance has seen massive success in the crypto market over the past few years, but on the flip side, the organization also presently faces regulatory probes globally. For instance, the U.S. Department of Justice and Internal Revenue Service is currently investigating Binance Holdings Limited for signs of money laundering and tax evasion, whilst the crypto exchange giant even had to cut back on China’s users following the country imposition of the cryptocurrency ban. Perhaps the exchange’s future growth would be significantly affected by – its adaptability to and reconciliation with – the world’s regulators.

Click here to read JPMorgan Outlines Future Forecast For Crypto Markets – Ethereum Upgrades, DeFi, NFTs, And More.

Sneh Dokania is an Economics major student with an inquisitive disposition seeking to articulate facts, information and news stories in a candid manner on Clout News.

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