Binance CEO Changpeng “CZ” Zhao Denies $28B Wealth

CEO of crypto major Binance Changpeng CZ Zhao has claimed he holds way less net worth than reported by Bloomberg.

CZ tweeted that took on April 27 that Bloomberg’s latest finance rich list is inaccurate regarding his wealth.

Bloomberg ranks CZ to be in the top three finance billionaires worldwide, with a net worth estimated at $28.2 billion.

CZ started his tweet with “4,” apparently implying that his wealth should be somewhere between Dan Gilbert’s $19.4 billion and Uday Kotak’s $13 billion.

CZ has repeatedly denied information from major mainstream sources like Bloomberg and Forbes.

In late February, Binance CEO responded to an article by Forbes alleging that Binance proceeded with a “backroom maneuver” involving a $1.8 billion transaction in 2022.

Previously, the CEO also denied a Bloomberg report alleging that Binance was considering cutting ties with the United States business partners.


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