The story of Binance, a cryptocurrency platform, and its founder Zhao Changpeng's wealth-making story is gradually becoming known
Binance has been established for only four years and has become the world's largest cryptocurrency exchange, with 3,000 employees worldwide,
Daily trading volume reaches $76 billion, more than its four largest competitors combined. According to insiders, at the current trading scale, Binance's valuation will reach $300 billion.
It is reported that Zhao Changpeng controls most of Binance's shares. According to Forbes data,
Founder Zhao Changpeng owns 30% of Binance shares.
Based on this calculation, Zhao Changpeng's net worth has now reached $90 billion (equivalent to 573.3 billion yuan).
This net worth means that Zhao Changpeng has become the richest Chinese and is among the top ten richest people in the world.
In early November this year, Forbes magazine released a list of China's richest people. The first place is Zhong Shanshan, chairman of Nongfu Spring, with a net worth of 424.4 billion yuan.
ByteDance founder Zhang Yiming (382.5 billion yuan), CATL founder Zeng Yuqun (327.2 billion yuan), and Tencent founder Ma Huateng (316.2 billion yuan) followed closely behind.
In contrast, Zhao Changpeng's net worth exceeds that of Zhong Shanshan, the richest man in mainland China, by 35%.
According to past reports, Zhao Changpeng is a Chinese Canadian who has a high influence in the field of cryptocurrency and is known as "CZ".
He was born in 1977 and lived in Jiangsu as a child. Later, he moved to Vancouver, Canada with his family and is currently living in Singapore temporarily.
In 2005, Zhao Changpeng founded Fuxun Information, Bijie Technology and other companies in Shanghai and earned his first pot of gold.
In 2013, he entered the Bitcoin field. In 2017, he founded Binance with his team and issued the digital currency "Binance Coin" (BNB).
Half a year later, Binance had 6 million users, becoming the world's largest cryptocurrency exchange and has maintained its leading position in the industry to this day.
Zhao Changpeng said that he hopes Binance will grow at a more moderate pace, "We hope that other exchanges can grow a little bit, so that they can share the user pressure with us."
Currently, Binance's monthly spot trading volume has topped the list for 15 consecutive months. The rapid growth of trading volume has led to the rapid growth of Zhao Changpeng's net worth.
