Binance CEO Changpeng Zhao has denied Bloomberg’s latest estimate of his wealth at $28.2 billion, saying: “Numbers all wrong.”
This is not the first time Zhao has challenged estimates of his wealth.
Changpeng Zhao, co-founder and CEO of Binance, the world's largest crypto exchange, has yet again challenged estimates of his personal wealth.
This time, Zhao commented on a report published by Bloomberg on Tuesday, which estimated his wealth at $28.2 billion and ranked him as the world's third-richest person in the finance category.
"Numbers all wrong," Zhao tweeted. "I don't have anywhere near as much. Don't know why they do this." He also called it a "4", his personal code for "Ignore FUD, fake news, attacks, etc."
CZ has repeatedly denied estimates of his wealth before
This isn't the first time Zhao, who is known by his initials "CZ," has denied reports of his wealth.
Last June, the Guardian, citing the Bloomberg Billionaires Index estimates, reported that Zhao's wealth had fallen by more than $75 billion since January, to $20.6 billion. Referring to the $75 billion number, Zhao said: "I actually have no idea how they come up with those numbers. You need to understand that net worth are just estimates. When I look at my wallet, I don't have anywhere close to any of those numbers."
