Changpeng Zhao, CEO of Binance, the world’s largest cryptocurrency exchange, announced how much of his wealth he keeps in crypto. Also, Zhao clarified how he paid for his family expenses.
Binance CEO: I keep my wealth entirely in crypto!
The crypto Twitter world continues to be the subject of interesting conversations and discussions. This time, it was Changpeng Zhao, CEO of the world’s largest crypto exchange Binance, who was the subject of the conversation. A Twitter user known from the crypto world asked his followers, “How many of you hold more than 90% of your assets in crypto or Bitcoin?” posed a question. CZ also participated in this conversation and responded with 99.9%. Thus, we learned that the CEO of Binance keeps almost all of his wealth in crypto.
Changpeng Zhao’s statement brought different questions to mind. For example, how did he do his normal spending? In this context, a follower also replied to CZ’s answer, “Does this mean that all your expenses, including your family, are paid for in crypto?” he asked. Changpeng Zhao replied, “Yes. There are many ways to convert at checkout. Payer pays in crypto. The buyer receives it in fiat money. Binance (and others) could be the middle tier,” he replied.
How much is Changpeng Zhao’s net worth?
The net worth of Binance CEO Changpeng Zhao (CZ) is estimated to be around $74 billion. CZ is a Chinese Canadian business executive who is the founder and CEO of Binance. Changpeng Zhao was born in China but moved to Canada at an early age. He currently lives in Singapore. He was previously a member of the team that founded Blockchain.info and served as Chief Technology Officer. He lives the most affluent and lavish lifestyle. Also, her parents were teachers and she settled in British Columbia when she was 12. He helped support his family by doing many things. In 2017, he quickly transformed the company into the leading exchange platform for crypto trading.
He ranks 11th on the list of the richest people in the world. Changpeng Zhao’s life is very inspiring and completely changed his life. cryptocoin.comAs you follow, Changpeng Zhao’s story is really exciting and inspiring. He made every possible task possible by his own efforts. He always thought that nothing is impossible in this world. He did very well and succeeded in his career. This is the reason why he is now the richest person in the world living a life of luxury with his family. He showed that it is possible to be successful in business despite many difficulties.
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