Changpeng Zhao's Fortune Soars to $37 Billion

Former CEO of Binance, Changpeng Zhao, could be imprisoned after confessing to criminal charges in the U.S., yet his wealth impressively rose to over $37 billion.



This increase is largely attributed to the remarkable recovery of Bitcoin, which jumped more than 160% following a challenging 2022, significantly boosting Zhao's net worth. He now tops the list of cryptocurrency entrepreneurs whose fortunes have surged this year. The Bloomberg Billionaires Index includes prominent figures such as Coinbase CEO Brian Armstrong and the Winklevoss twins, Tyler and Cameron. Ranking 35th, Zhao is just under a billion dollars behind Tadashi Yanai, CEO of Uniqlo.



Zhao's fortune is primarily derived from his substantial share in Binance. Although Binance experienced a minor drop in market share after settling with the U.S. Department of


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