Changpeng Zhao, Former Binance CEO, Is Now the 24th Richest Person Globally

Forbes claims that former Binance CEO Changpeng Zhao is the 24th richest person globally due to his BNB token ownership.

Former Binance CEO Changpeng Zhao is now the 24th richest person in the world, thanks to his BNB token holdings, according to Forbes.

With BNB surging this year, despite the crypto exchange facing concerning headlines and leading to Zhao stepping down from a leadership role and serving a prison sentence, the 64% of Binance’s BNB token circulating supply that Zhao reportedly owns is now worth a lot.

At current prices, the 94 million coins that Zhao is said to control is worth more than $56 billion. The report also states that he owns an approximate 90% stake in the Binance exchange.

CoinGecko data shows a 141% price increase in the past 14 months for BNB. The cryptocurrency broke its all-time high (ATH) earlier this month, peaking at $717. BNB has returned 1,497,749% since it launched as an initial coin offering in 2017, serving as a backbone for Binance’s debut in the same year.

In comparison, the S&P500 has posted 3,540% in gains throughout its existence as an investment index. Reports from crypto.news also suggest that BNB could retest its ATH soon and continue its bullish momentum to higher prices.

Zhao’s net worth could continue to swell even further as he serves a four-month jail term in a California prison.

News source：https://www.kdj.com/cryptocurrencies-news/articles/changpeng-zhao-binance-ceo-th-richest-person-globally.html

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