{"id":991,"date":"2022-01-12T21:47:03","date_gmt":"2022-01-12T21:47:03","guid":{"rendered":"https:\/\/techcavit.com\/?p=991"},"modified":"2022-01-12T21:47:04","modified_gmt":"2022-01-12T21:47:04","slug":"binance-ceo-closing-the-wealth-distance-between-him-and-mark-zuckerberg-makes-bloombergs-billionaires-index","status":"publish","type":"post","link":"https:\/\/techcavit.com\/binance-ceo-closing-the-wealth-distance-between-him-and-mark-zuckerberg-makes-bloombergs-billionaires-index\/","title":{"rendered":"Binance CEO Closing The Wealth Distance Between Him And Mark Zuckerberg &#8211; Makes Bloomberg&#8217;s Billionaires Index"},"content":{"rendered":"\n<ul><li>Bloomberg\u2019s billionaire index has put Changpeng Zhao\u2019s fortune at nearly $100 billion.<\/li><li>The Binance CEO has stated in the past that he will most likely give away all of his wealth.<\/li><li>Despite his financial fortunes, Changpeng Zhao faces a stern test from regulators around the world.<\/li><\/ul>\n\n\n\n<p>The rich list released by Bloomberg puts CZ as he is fondly called as the 11th richest man alive. His net worth by far outstrips the conservative figures given by Forbes last year.<\/p>\n\n\n\n<h2 id=\"h-almost-100-billion-dollars\"><strong>Almost 100 Billion Dollars<\/strong><\/h2>\n\n\n\n<p>Cryptocurrencies have earned a reputation for giving investors incredible returns on their investments and one of the major players in the ecosystem is already reaping the rewards. A recent Bloomberg rich list claims that Binance\u2019s founder and CEO, Changpeng Zhao is worth $96 billion.<\/p>\n\n\n\n<p>The rationale behind this valuation is that Zhao owns a majority stake in the largest cryptocurrency exchange in the world, Binance. According to data gleaned from trading volumes and fees, Binance recorded around $20 billion in revenue which is nearly 3 times the revenue of Coinbase. An interesting fact about the rating is that it does not take into account his crypto holdings. Zhao is said to hold a large cache of BNB that has since soared by over 1000%<\/p>\n\n\n\n<p><em>\u201cDon\u2019t worry about rankings. Focus on how many people you can help,\u201d<\/em> he tweeted a few hours after the Bloomberg report went live. <em>\u201cUnpopular opinion: instead of wealth rankings, there should be a ranking of charity and philanthropy efforts.\u201d<\/em><\/p>\n\n\n\n<p>The CEO has previously stated that he intends to donate more than 90% of his fortune to charity over the course of his life like other wealthy entrepreneurs that had come before him. He claimed in an Associated Press interview that he personally did not require a lot of money to maintain the current standard of his life. However, in a money move, reports emerged that CZ had purchased a multi-million dollar home in Dubai in November 2021.<\/p>\n\n\n\n<p>Binance and its CEO donated $150,000 for the building of an ultramodern school in Uganda and also pledged to raise $1 million AUD for the planting of 100,000 trees in commemoration of Earth Day. Other charitable moves include the financial donation to healthcare workers in Mexico and a 1 million donation to UNICEF to support COVID-19 Vaccination equality.<\/p>\n\n\n\n<h2 id=\"h-where-he-seats-on-the-rankings\"><strong>Where He Seats On The Rankings<\/strong><\/h2>\n\n\n\n<p>A net worth of $96 billion places Changpeng Zhao over India\u2019s Mukesh Ambani and below Larry Elison. However, if his cryptocurrency holdings are taken into account, Zhao could easily rub shoulders with other tech billionaires like Mark Zuckerberg and Larry Page that have net worths of $122 billion and $123 billion respectively.<\/p>\n\n\n\n<p>Binance has been embroiled in regulatory battles with the authorities in various jurisdictions, leading to fines and bans. The exchange has taken steps to be on the good books of regulators and is hiring ex-regulators to help in its compliance drive. It is expected that after achieving regulatory passes in its troubled jurisdiction, Changpeng Zhao\u2019s net worth could outstrip Mark Zuckerberg\u2019s.<\/p>\n\n\n\n<p>The founder of FTX, Sam Bankman-Fried was named the richest 29 year old by Forbes last year with a fortune of $26.5 billion. Other cryptocurrency billionaires include Brian Armstrong, CEO of Coinbase, and the Winklevoss Twins, founders of crypto exchange Gemini.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg\u2019s billionaire index has put Changpeng Zhao\u2019s fortune at nearly $100 billion. The Binance CEO has stated in the past that he will most likely give away all of his wealth. Despite his financial fortunes, Changpeng Zhao faces a stern test from regulators around the world. The rich list released by Bloomberg puts CZ as [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":992,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,32],"tags":[1153,1154,102,2230],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v16.1 (Yoast SEO v19.5.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Binance CEO Closing The Wealth Distance Between Him And Mark Zuckerberg - Makes Bloomberg&#039;s Billionaires Index - TechCavit<\/title>\n<meta name=\"description\" content=\"The rich list released by Bloomberg puts CZ as he is fondly called as the 11th richest man alive. His net worth by far outstrips the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/techcavit.com\/binance-ceo-closing-the-wealth-distance-between-him-and-mark-zuckerberg-makes-bloombergs-billionaires-index\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance CEO Closing The Wealth Distance Between Him And Mark Zuckerberg - Makes Bloomberg&#039;s Billionaires Index - TechCavit\" \/>\n<meta property=\"og:description\" content=\"The rich list released by Bloomberg puts CZ as he is fondly called as the 11th richest man alive. His net worth by far outstrips the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/techcavit.com\/binance-ceo-closing-the-wealth-distance-between-him-and-mark-zuckerberg-makes-bloombergs-billionaires-index\/\" \/>\n<meta property=\"og:site_name\" content=\"TechCavit\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/techcavit\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-12T21:47:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-12T21:47:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/techcavit.com\/wp-content\/uploads\/2022\/01\/Binance-CEO-Closing-The-Wealth-Distance-Between-Him-And-Mark-Zuckerberg-Makes-Bloombergs-Billionaires-Index.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Steve Stone\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@techcavit\" \/>\n<meta name=\"twitter:site\" content=\"@techcavit\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Steve Stone\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/techcavit.com\/binance-ceo-closing-the-wealth-distance-between-him-and-mark-zuckerberg-makes-bloombergs-billionaires-index\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/techcavit.com\/binance-ceo-closing-the-wealth-distance-between-him-and-mark-zuckerberg-makes-bloombergs-billionaires-index\/\"},\"author\":{\"name\":\"Steve Stone\",\"@id\":\"https:\/\/techcavit.com\/#\/schema\/person\/198cfe47a2c1895c70ee2c5c5a9a5e59\"},\"headline\":\"Binance CEO Closing The Wealth Distance Between Him And Mark Zuckerberg &#8211; Makes Bloomberg&#8217;s Billionaires Index\",\"datePublished\":\"2022-01-12T21:47:03+00:00\",\"dateModified\":\"2022-01-12T21:47:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/techcavit.com\/binance-ceo-closing-the-wealth-distance-between-him-and-mark-zuckerberg-makes-bloombergs-billionaires-index\/\"},\"wordCount\":548,\"publisher\":{\"@id\":\"https:\/\/techcavit.com\/#organization\"},\"keywords\":[\"Binance\",\"Changpeng Zhao\",\"Cryptocurrency\",\"Mark Zuckerberg\"],\"articleSection\":[\"Cryptocurrency\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/techcavit.com\/binance-ceo-closing-the-wealth-distance-between-him-and-mark-zuckerberg-makes-bloombergs-billionaires-index\/\",\"url\":\"https:\/\/techcavit.com\/binance-ceo-closing-the-wealth-distance-between-him-and-mark-zuckerberg-makes-bloombergs-billionaires-index\/\",\"name\":\"Binance CEO Closing The Wealth Distance Between Him And Mark Zuckerberg - Makes Bloomberg's Billionaires Index - TechCavit\",\"isPartOf\":{\"@id\":\"https:\/\/techcavit.com\/#website\"},\"datePublished\":\"2022-01-12T21:47:03+00:00\",\"dateModified\":\"2022-01-12T21:47:04+00:00\",\"description\":\"The rich list released by Bloomberg puts CZ as he is fondly called as the 11th richest man alive. His net worth by far outstrips the\",\"breadcrumb\":{\"@id\":\"https:\/\/techcavit.com\/binance-ceo-closing-the-wealth-distance-between-him-and-mark-zuckerberg-makes-bloombergs-billionaires-index\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/techcavit.com\/binance-ceo-closing-the-wealth-distance-between-him-and-mark-zuckerberg-makes-bloombergs-billionaires-index\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/techcavit.com\/binance-ceo-closing-the-wealth-distance-between-him-and-mark-zuckerberg-makes-bloombergs-billionaires-index\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"TechCavit\",\"item\":\"https:\/\/techcavit.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Binance CEO Closing The Wealth Distance Between Him And Mark Zuckerberg &#8211; Makes Bloomberg&#8217;s Billionaires Index\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/techcavit.com\/#website\",\"url\":\"https:\/\/techcavit.com\/\",\"name\":\"TechCavit\",\"description\":\"Technology News At Its Finest\",\"publisher\":{\"@id\":\"https:\/\/techcavit.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/techcavit.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/techcavit.com\/#organization\",\"name\":\"TechCavit\",\"url\":\"https:\/\/techcavit.com\/\",\"sameAs\":[\"https:\/\/instagram.com\/techcavit\",\"https:\/\/facebook.com\/techcavit\",\"https:\/\/twitter.com\/techcavit\"],\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/techcavit.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/techcavit.com\/wp-content\/uploads\/2019\/01\/TC.png\",\"contentUrl\":\"https:\/\/techcavit.com\/wp-content\/uploads\/2019\/01\/TC.png\",\"width\":500,\"height\":500,\"caption\":\"TechCavit\"},\"image\":{\"@id\":\"https:\/\/techcavit.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/techcavit.com\/#\/schema\/person\/198cfe47a2c1895c70ee2c5c5a9a5e59\",\"name\":\"Steve Stone\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/techcavit.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b476477ac2065a965825cdd0c8b6b06c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b476477ac2065a965825cdd0c8b6b06c?s=96&d=mm&r=g\",\"caption\":\"Steve Stone\"},\"description\":\"Steve is a finance management technology graduate with a liking for the fintech space and blockchain industry. Contact: Steve.stone [at] techcavit.com\",\"url\":\"https:\/\/techcavit.com\/author\/steve-stone\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Binance CEO Closing The Wealth Distance Between Him And Mark Zuckerberg - Makes Bloomberg's Billionaires Index - TechCavit","description":"The rich list released by Bloomberg puts CZ as he is fondly called as the 11th richest man alive. His net worth by far outstrips the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/techcavit.com\/binance-ceo-closing-the-wealth-distance-between-him-and-mark-zuckerberg-makes-bloombergs-billionaires-index\/","og_locale":"en_US","og_type":"article","og_title":"Binance CEO Closing The Wealth Distance Between Him And Mark Zuckerberg - Makes Bloomberg's Billionaires Index - TechCavit","og_description":"The rich list released by Bloomberg puts CZ as he is fondly called as the 11th richest man alive. His net worth by far outstrips the","og_url":"https:\/\/techcavit.com\/binance-ceo-closing-the-wealth-distance-between-him-and-mark-zuckerberg-makes-bloombergs-billionaires-index\/","og_site_name":"TechCavit","article_publisher":"https:\/\/facebook.com\/techcavit","article_published_time":"2022-01-12T21:47:03+00:00","article_modified_time":"2022-01-12T21:47:04+00:00","og_image":[{"width":1200,"height":700,"url":"https:\/\/techcavit.com\/wp-content\/uploads\/2022\/01\/Binance-CEO-Closing-The-Wealth-Distance-Between-Him-And-Mark-Zuckerberg-Makes-Bloombergs-Billionaires-Index.jpg","type":"image\/jpeg"}],"author":"Steve Stone","twitter_card":"summary_large_image","twitter_creator":"@techcavit","twitter_site":"@techcavit","twitter_misc":{"Written by":"Steve Stone","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/techcavit.com\/binance-ceo-closing-the-wealth-distance-between-him-and-mark-zuckerberg-makes-bloombergs-billionaires-index\/#article","isPartOf":{"@id":"https:\/\/techcavit.com\/binance-ceo-closing-the-wealth-distance-between-him-and-mark-zuckerberg-makes-bloombergs-billionaires-index\/"},"author":{"name":"Steve Stone","@id":"https:\/\/techcavit.com\/#\/schema\/person\/198cfe47a2c1895c70ee2c5c5a9a5e59"},"headline":"Binance CEO Closing The Wealth Distance Between Him And Mark Zuckerberg &#8211; Makes Bloomberg&#8217;s Billionaires Index","datePublished":"2022-01-12T21:47:03+00:00","dateModified":"2022-01-12T21:47:04+00:00","mainEntityOfPage":{"@id":"https:\/\/techcavit.com\/binance-ceo-closing-the-wealth-distance-between-him-and-mark-zuckerberg-makes-bloombergs-billionaires-index\/"},"wordCount":548,"publisher":{"@id":"https:\/\/techcavit.com\/#organization"},"keywords":["Binance","Changpeng Zhao","Cryptocurrency","Mark Zuckerberg"],"articleSection":["Cryptocurrency","News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/techcavit.com\/binance-ceo-closing-the-wealth-distance-between-him-and-mark-zuckerberg-makes-bloombergs-billionaires-index\/","url":"https:\/\/techcavit.com\/binance-ceo-closing-the-wealth-distance-between-him-and-mark-zuckerberg-makes-bloombergs-billionaires-index\/","name":"Binance CEO Closing The Wealth Distance Between Him And Mark Zuckerberg - Makes Bloomberg's Billionaires Index - TechCavit","isPartOf":{"@id":"https:\/\/techcavit.com\/#website"},"datePublished":"2022-01-12T21:47:03+00:00","dateModified":"2022-01-12T21:47:04+00:00","description":"The rich list released by Bloomberg puts CZ as he is fondly called as the 11th richest man alive. His net worth by far outstrips the","breadcrumb":{"@id":"https:\/\/techcavit.com\/binance-ceo-closing-the-wealth-distance-between-him-and-mark-zuckerberg-makes-bloombergs-billionaires-index\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/techcavit.com\/binance-ceo-closing-the-wealth-distance-between-him-and-mark-zuckerberg-makes-bloombergs-billionaires-index\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/techcavit.com\/binance-ceo-closing-the-wealth-distance-between-him-and-mark-zuckerberg-makes-bloombergs-billionaires-index\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"TechCavit","item":"https:\/\/techcavit.com\/"},{"@type":"ListItem","position":2,"name":"Binance CEO Closing The Wealth Distance Between Him And Mark Zuckerberg &#8211; Makes Bloomberg&#8217;s Billionaires Index"}]},{"@type":"WebSite","@id":"https:\/\/techcavit.com\/#website","url":"https:\/\/techcavit.com\/","name":"TechCavit","description":"Technology News At Its Finest","publisher":{"@id":"https:\/\/techcavit.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/techcavit.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/techcavit.com\/#organization","name":"TechCavit","url":"https:\/\/techcavit.com\/","sameAs":["https:\/\/instagram.com\/techcavit","https:\/\/facebook.com\/techcavit","https:\/\/twitter.com\/techcavit"],"logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/techcavit.com\/#\/schema\/logo\/image\/","url":"https:\/\/techcavit.com\/wp-content\/uploads\/2019\/01\/TC.png","contentUrl":"https:\/\/techcavit.com\/wp-content\/uploads\/2019\/01\/TC.png","width":500,"height":500,"caption":"TechCavit"},"image":{"@id":"https:\/\/techcavit.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/techcavit.com\/#\/schema\/person\/198cfe47a2c1895c70ee2c5c5a9a5e59","name":"Steve Stone","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/techcavit.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b476477ac2065a965825cdd0c8b6b06c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b476477ac2065a965825cdd0c8b6b06c?s=96&d=mm&r=g","caption":"Steve Stone"},"description":"Steve is a finance management technology graduate with a liking for the fintech space and blockchain industry. Contact: Steve.stone [at] techcavit.com","url":"https:\/\/techcavit.com\/author\/steve-stone\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/techcavit.com\/wp-json\/wp\/v2\/posts\/991"}],"collection":[{"href":"https:\/\/techcavit.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techcavit.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techcavit.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/techcavit.com\/wp-json\/wp\/v2\/comments?post=991"}],"version-history":[{"count":1,"href":"https:\/\/techcavit.com\/wp-json\/wp\/v2\/posts\/991\/revisions"}],"predecessor-version":[{"id":993,"href":"https:\/\/techcavit.com\/wp-json\/wp\/v2\/posts\/991\/revisions\/993"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techcavit.com\/wp-json\/wp\/v2\/media\/992"}],"wp:attachment":[{"href":"https:\/\/techcavit.com\/wp-json\/wp\/v2\/media?parent=991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techcavit.com\/wp-json\/wp\/v2\/categories?post=991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techcavit.com\/wp-json\/wp\/v2\/tags?post=991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}