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Binance CEO CZ Denies Bloomberg’s Reported Net Worth of $28.2 Billion, Says ‘Numbers All Wrong’

Cointime Official

April 28 (Cointime) - Binance CEO, Changpeng Zhao (CZ), has denied the accuracy of his reported net worth of $28.2 billion, stating that the figure is wrong and his actual net worth is much lower. Bloomberg had estimated CZ's net worth and ranked him third in the top 25 finance billionaires globally. However, Binance does not disclose its annual revenues or CZ's stake in the exchange.

According to Bloomberg's "The New Finance Rich List," Changpeng Zhao was ranked third with a net worth of $28.2 billion, following Ken Griffin, the founder and CEO of Citadel with a net worth of $35 billion, and Jeff Yass, the founder of Susquehanna, one of the most successful proprietary trading firms, with a net worth of $33.1 billion. Bloomberg also estimated on April 5th that Binance's annual revenue exceeded $12 billion.

“Numbers all wrong. I don’t have anywhere near as much. Don’t know why they do this,” Zhao tweeted.

After a Twitter user suggested that he is richer than Elon Musk and Vladimir Putin, CZ responded with a tweet stating that he is a "small potato in a small (but growing) industry" and "those guys are 100x bigger, or more."

Binance Changpeng Zhao
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