Binance Founder Rejects Wealth Ranking
The Hurun Research Institute estimates Zhao Changpeng's net worth at over $26 billion.
In a social media post, Zhao, known as CZ, rejected a report ranking him as China's 13th richest person, calling it
"nonsense". He suggested the reported net worth should be divided by 100.
The report also noted Zhao's wealth increased 41% this year. If the digital asset sector continues to thrive, he may become China's richest individual, according to Hurun.
Calculating cryptocurrency investors' personal wealth is challenging due to digital assets' volatility and lack of transparency.
Forbes estimated Zhao's net worth at nearly $90 billion, while Bloomberg placed it at over $61 billion.
Author's summary: Binance founder disputes wealth ranking.
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