At 44 years old, Changpeng Zhao is the founder and CEO of Binance, the largest cryptocurrency exchange platform in the world, he is one of the 20 richest people in the world according to the Forbes Billionaries 2022 list, published on April 5, leaving behind famous names such as Michael Dell, computer magnate and Charles Koch, energy magnate. And he is also the richest in the crypto universe. His fortune is estimated at $65 billion.
Despite the Forbes calculation, Bloomberg has estimated that Binance has a net worth of $96 billion.
Despite the rapid growth of his fortune and the multiple rankings in which he has been placed, Zhao is indifferent. “I don’t really care about the Forbes ranking. I think it’s a meaningless metric when you get to a certain point, “he said in recent months in statements collected by Business Insider.
Every year Forbes magazine releases its millionaire rankings, which define who is who among the wealthiest in the world. This year, in the top 10, Elon Musk took first place, followed by Jeff Bezos.
The history of effort and work of “CZ”
Not all millionaires are born with a golden cradle. Changpeng Zhao’s case is exceptional. At the age of 12, she emigrated with her family from China to Canada in search of better opportunities.
The precarious situation in which his family lived forced him to work at a McDonald’s preparing hamburgers. and also worked night shifts at a gas station to earn extra income.
After getting enough money, he entered McGill University where he studied computer science. Later he excelled in jobs as a software programmer for the Tokyo Stock Exchange and Bloomberg.
In 2013, in the middle of a poker game, he learned of the existence of bitcoin. This led him to turn to cryptocurrencies and he even sold his apartment to buy more virtual coins, according to the Binance site.
In 2017 he founded Binance and in less than five years he went from 0 to his current mega fortune. Given the success, Binance has faced some regulatory barriers in several countries, such as the United Kingdom and Canada. Zhao sees these regulations as “positive” signs that his industry is maturing and hopes that the environment will grow so that the population feels safer to participate in the world of cryptocurrencies.
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