Binance’s founder, Changpeng Zhao, also known as CZ, has been ranked 17th on the Global Rich List with an increase in the platform’s popularity on the market.
CZ’s net worth has been estimated to be around $110 billion according to a report published by Forbes. This means that there has been an increase in his net worth over the last year by $47 billion to place him 17th on the list of the richest individuals globally.
The rise in the net worth of Zhao can be explained by the rise in the value of Binance, which is the largest cryptocurrency exchange in the world. Estimates indicate that the company’s value has risen to approximately $100 billion, with the individual holding approximately 90 percent of the company’s shares.
The rise in the value of Binance, which has been accompanied by the recovery of the crypto market, has seen CZ’s net worth rise.
CZ’s wealth rise comes Binance’s market growth
Binance still leads in the global market for crypto trades, coupled with the continuous expansion of its user base. The platform is estimated to have made between $16 billion and $17 billion in revenue within 2024 and 2025, indicating the high demand for its services regarding digital asset trades.
The platform also handles more than $30 trillion in trades every year, giving it an edge against its peers in the market.
Binance has been estimated to have about 38 percent of the global market for crypto exchange platforms, thus having a significant advantage over other market competitors.
The platform offers its users several services, including spot, derivatives, and other products for digital assets.
Crypto market growth boosts valuations of exchanges and founder wealth
Zhao, also known by his alias CZ in the cryptocurrency world, started Binance in 2017. In a short period of time, Binance has transformed from a small exchange to a leading cryptocurrency exchange in terms of trading volume.
The latest addition to Zhao’s wealth is a reflection of the close connection between Binance’s success and the overall cryptocurrency market.
As trading is increasing in the cryptocurrency world, so is the wealth of prominent cryptocurrency exchanges like Binance.