Changpeng Zhao, CEO of the giant crypto exchange Binance, has been on the agenda of the crypto money market by denying the reports about his wealth recently. Changpeng Zhao, the stock market manager, who is closely followed by many investors, made statements especially to Bloomberg and Forbes! So, how much is the wealth of the famous CEO? Here are the details…
CZ, CEO of the giant cryptocurrency exchange Binance, explained: “I don’t have that much wealth!”
As you know, Binance CEO Changpeng ‘CZ’ Zhao is at the forefront of the names closely followed by the crypto money market. The wealth of the name, which is followed closely by many investors, is one of the frequently asked questions.
However, Binance CEO CZ has drawn attention with his statements about his wealth in recent days, suggesting that he has much less net worth than the values reported by some mainstream media.
CZ, CEO of crypto exchange Binance, told his followers that there is some misinformation about his wealth in Bloomberg’s latest financial rich list. According to the data previously released by Bloomberg, the fact that CZ is among the top three financial billionaires in the world’s largest financial riches list and his net worth is estimated at $28.2 billion is explained as false information, according to CZ. Here are the words of Changpeng Zhao:
The numbers are all wrong. I don’t have that much wealth. I don’t know why they did this.
However, the famous name started his tweet with “4”, implying that his fortune should be somewhere between Dan Gilbert’s $19.4 billion fortune and Uday Kotak’s $13 billion fortune. The Binance CEO also stated that he never saw the crashed FTX cryptocurrency exchange as a competitor, adding, “We welcome more – well-managed – exchanges in the industry.”
Changpeng Zhao denied reports from Bloomberg and Forbes!
CZ’s latest move to highlight reporting inaccuracies seems to align with the CEO’s critical stance on how the industry is represented in articles by the mainstream media. Major cryptocurrency exchange Binance executive CZ has repeatedly denied information from major mainstream sources such as Bloomberg and Forbes, describing their reports as often FUD or fear, uncertainty and doubt.
As you may recall, in late February, Binance CEO responded to an article by Forbes claiming that Binance was proceeding with a “backroom maneuver” involving a $1.8 billion transaction in 2022. On top of that, CZ criticized Forbes, stating that Forbes “doesn’t know how a cryptocurrency exchange works.”
cryptocoin.comAs we reported earlier, the CEO also denied a Bloomberg report claiming that Binance was considering cutting ties with its US business partners.
