Changpeng Zhao Net Worth: We Have Explored Earnings of the Binance Founder!!
Changpeng Zhao is the founder of the crypto currency exchange Binance and he is one of the wealthiest men in the world nowadays. Changpeng Zhao is a Chinese born Canadian businessman who founded a company in the year of 2017 and it has went on to become the biggest crypto-exchange platform around the world.
Since past few months, the market of crypto has took a hit with almost all platforms and traders suffering from losses. Hence Zhao also lost massive wealth and so his net worth has been decreased effectively. So keep scrolling down and read out this entire article to know more about Changpeng Zhao net worth.
What is Changpeng Zhao net worth?
As of January 2023, Changpeng Zhao has an estimated net worth of around $4.5 billion, however it is considerably lesser than his actual net worth before the loss.
In October 2022, Changpeng Zhao net worth was reported to be around %30 billion and it made him 33rd richest man in the world. Earlier in the February of the same year his worth was peaked around $95.9 billion.
All of his earnings mostly comes from his crypto trading business. He also has personal cryptocurrency holdings in both Bitcoin as well as Binance coin. As per reports, he has bought around $1 million worth of Bitcoin when the currency was $600 a unit. Today the cost of the coin is around $20,000 a unit.
What is the Career History of Changpeng Zhao?
Changpeng Zhao had truly humble beginning. He was born in Jiansu providence in china in 1977, then his family moved to Vancouver in the 1980s. Then after shifting to Canada he started working at a gas station to earn money. Changpeng Zhao also worked as a referee for volleyball games in his teens and as a cook at McDonald’s
He was graduated from McGill University in Montreal with a degree in computer science. Then he worked at the Tokyo exchange and bloomberg’s Tradebook and managed teams in Tokyo and new Jersey, London.
Then he left his job in 2005 and became partner in fusion systems which is a trading system company in Shanghai.
When did Changpeng Zhao founded Binance?
In 2013, Zhao first learned about Bitcoin and started taking a keen interest in crypto currency after that. Then he began working at blockchain.info as the head of development.
In 2017, he founded Binance which is a biggest crypto currency exchange by trading volume. This platform handles about $76 billion worth of daily exchange.
Binance company generated a revenue of $20 billion in 2021 and managed trades of worth $9.5 trillion.
The company has also faced some controversies like in the last year October, $570 million worth of crypto currency traded on the platform ended up getting stolen in a blockchain hack. Then Binance was scrutinized in the United States, Hong Kong, Japan and the United Kingdom.
Two years ago, Zhao was shifted to Dubai and previously he was resides in Singapore from 2019 to 2021 and said that he likes to get acquainted with diverse cultures. Now he own an office space, an apartment and a minivan in Dubai.
Some Favourite Quotes From Changeng Zhao –
“When people say they don’t like something, but they can’t stop talking about it, you know it’s good.” – Changpeng Zhao
“It may take some efforts, but what else have we got to do? Let’s rebuilt.” – Changpeng Zhao
“Don’t play a game where they can change the rules when you are just about to win. Just leave and let them play with themselves.” – Changpeng Zhao
“There is no overnight success. Luck is built over the long run, a little bit at a time, consistently.” – Changpeng Zhao