Binance CEO’s net worth has doubled in the past year at $2.6B, according to Hurun
February 27, 2020, 6:10AM EST
1 min read
Binance CEO Changpeng “CZ” Zhao is the wealthiest person in the crypto and blockchain space, according to the ninth edition of Hurun Global Rich List.
CZ’s net worth has doubled in the past year at $2.6 billion, according to the Hurun list published Wednesday. Last year, the CEO was worth $1.3 billion.
The second-richest crypto person is Bitmain co-founder Micree Ketuan Zhan who holds a net worth of $1.6 billion, according to Hurun. Notably, Zhan’s net worth has almost halved as compared to last year when he was worth $2.7 billion.
Zhan was ousted from Bitmain by another co-founder Jihan Wu in October. Interestingly, Wu did not make it to the Hurun list this year. Last year, Wu was worth $1.5 billion.
Other crypto billionaires for this year include Xu Mingxing, founder of OKCoin with $1.4 billion net worth; Chris Larsen, executive chairman of Ripple’s board, with $1.3 billion; Li Lin, founder of Huobi with $1.1 billion; and Brian Armstrong, CEO of Coinbase with $1 billion.
Overall, Amazon CEO Jeff Bezos retains the top spot in the Hurun Global Rich List 2020, with a net worth $140 billion. His net worth is down $7 billion from last year, mainly due to the world’s largest divorce settlement with former wife MacKenzie Bezos, who makes the list this year with $44 billion net worth.
Gemini Galactic, an affiliate of cryptocurrency exchange Gemini, received approval from the Financial Industry Regulatory Authority (FINRA) to operate a broker-dealer registered with the SEC and is now a FINRA member.