Bloomberg included the head of Binance in the list of financial titans. His fortune is estimated at $28.2 billion
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The head of the crypto exchange Binance, Changpeng Zhao, took third place in the rating of “25 financial titans” with a capital of $28.2 billion according to Bloomberg. This is reported by Forklog.
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According to the publication, the annual revenue of the largest crypto exchange exceeds $12 billion.
Journalists recalled that Zhao got acquainted with the digital currency thanks to entrepreneur Bobba Li while playing poker in Shanghai. Before the creation of Binance, the businessman worked at Bloomberg Tradebook, and later joined the Fusion Systems platform specializing in trading systems.
Cryptojournalist Colin Wu believes that the data may not be reliable, since the exchange does not publish its financial indicators and the fate of Zhao.
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Zhao himself denied Bloomberg’s information on Twitter. He said that all the numbers are wrong and that he doesn’t even have that much money.
4 Numbers all wrong. I don’t have anywhere near as much. Don’t know why they do this. 🤷♂️ Also, never viewed FTX as a rival. We welcome more (well run) exchanges in the space. pic.twitter.com/xfa31RZp7t
— CZ 🔶 Binance (@cz_binance) April 27, 2023 Other digital giants
- Ken Griffin is the richest person in the ranking with a fortune of $35 billion. He earned his capital thanks to the hedge fund Citadel and the market maker Citadel Securities;
- Jeff Yass — the fortune of the founder of Susquehanna is estimated at $33.1 billion. He is supposedly one of the investors in OPNX and KuCoin;
- Uday Kotak is an Indian banker who owns $13 billion. His organization Kotak Mahindra Bank was one of the first in the country to use digital assets;
- Chase Coleman is the founder of Tiger Global with a capital of $6 billion. His fund invested in the collapsed FTX;
- Todd Boly is the chairman of Chelsea FC with a capital of $6.4 billion. His Eldridge firm invested in Blockchain.com and Cross River.
Source: Ministry of Finance
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