![]() Zhao was born in a rural village in Jiangsu province in China in 1977 to a family of teachers.Ĭryptocurrency exchange Binance founder and CEO Changpeng Zhao speaks at a Binance fifth anniversary event in Paris, France, July 8, 2022. Binance is bigger than its four largest competitors combined, per Bloomberg.Įditor's note: This story was first published in October 2022 and has been updated to reflect recent developments. In 2021 alone, Binance generated over $20 billion in revenue, according to Bloomberg. ![]() The exchange handles some $76 billion in daily trading volume, according to Protocol. Zhao founded Binance in 2017 and powered it to become the biggest cryptocurrency exchange by trading volume. His career in the up-and-coming digital currency industry started at, where he served as the head of development. Zhao's interest in cryptocurrency began in 2013 when he first learned about Bitcoin, according to a 2018 Forbes report. His real-time estimated net worth is a far cry from the peak of his personal wealth: His net worth peaked at $95.9 billion earlier this year, the Bloomberg Billionaires Index shows. With a net worth of $23.5 billion as of November 20, he was listed as the 68th-richest person in the world, according to the Bloomberg Billionaires Index.īut crypto winter has taken a toll across the industry, and Zhao is no exception. Zhao - who's often known as CZ - is one of the most prominent people in cryptocurrency, and has been the wealthiest person in the industry. Changpeng Zhao, who founded and served as CEO of Binance.
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