CZ Owns 64% of All Circulating Binance Coin (BNB) Tokens, Propelled to Become the 24th Wealthiest Individual Worldwide-web3.0-php.cn

CZ Owns 64% of All Circulating Binance Coin (BNB) Tokens, Propelled to Become the 24th Wealthiest Individual Worldwide

Jun 15, 2024 am 09:07 AM

A recent Forbes report revealed that Changpeng Zhao (CZ), the former boss of Binance, owns a tremendous 64% of all circulating Binance Coin (BNB) tokens

CZ Owns 64% of All Circulating Binance Coin (BNB) Tokens, Propelled to Become the 24th Wealthiest Individual Worldwide

Binance CEO Changpeng “CZ” Zhao now owns a large 64% of all circulating Binance Coin (BNB) tokens, which equates to roughly 94 million tokens, according to a recent Forbes report.

An investigation by Gray Wolf Analytics revealed this, showing that the Binance founding team initially received 80 million BNB tokens, of which the company still holds onto 46 million. Altogether, Zhao and Binance have a striking 71% of the 147 million total circulating BNB tokens.

With each BNB currently valued at around $602 and the circulating supply being worth over $91 billion, Zhao’s 90% ownership in Binance combined with his crypto holdings have propelled him to become the 24th wealthiest individual worldwide, amassing a massive $61 billion net worth.

This report comes after Zhao's legal troubles with the U.S. Department of Justice (DOJ). In 2023, he faced charges for alleged sanctions violations and money laundering, leading to a guilty plea, a $50 million fine, and a four-month prison sentence.

News source：https://www.kdj.com/cryptocurrencies-news/articles/cz-owns-circulating-binance-coin-bnb-tokens-propelled-th-wealthiest-individual-worldwide.html

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