Binance Ex-CEO Tops Crypto Billionaires with $61B Net Worth, Forbes Reports

IconCryptoNewsTerminal Staff14 Jun, 2024

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Binance Ex-CEO Tops Crypto Billionaires with $61B Net Worth, Forbes Reports

Forbes, a renowned American business magazine, recently released a report highlighting the wealth of cryptocurrency industry leaders. According to their findings, Zhao Changpeng, the former CEO of Binance, emerged as the wealthiest individual in the crypto space, ranking 24th among global billionaires with an estimated net worth of $61 billion. Brian Armstrong, the founder and CEO of Coinbase, followed in second place with a net worth of $11 billion. The report further estimated that Zhao Changpeng holds approximately 94 million BNB tokens, representing 64% of the 147.5 million BNB in circulation. This significant stake in Binance's native token contributes to his substantial wealth.