According to the latest Forbes estimates, Changpeng Zhao 's (commonly known by his nickname CZ) net worth has skyrocketed to approximately $110 billion, up about $47 billion from the previous year. With this level of wealth, the founder of the cryptocurrency exchange Binance now ranks 17th on the list of the world's richest people, demonstrating the strong recovery of the crypto industry after the previous downturn.
The biggest driver behind CZ's massive wealth increase comes from the recovery in Binance's valuation on the global market. Many financial industry estimates suggest Binance could now be valued at approximately $100 billion, returning to levels comparable to the peak of the cryptocurrency market. Changpeng Zhao is believed to hold around 90% of Binance's shares, so any fluctuations in the exchange's value directly impact his personal wealth.
Market reports indicate that Binance continues to maintain its position as the world's largest cryptocurrency exchange by volume. In the period of 2024–2025, Binance's estimated revenue is expected to reach approximately $16–17 billion, an extremely impressive figure given the crypto market's history of legal upheavals and bear markets. The exchange's annual volume is estimated to exceed $30 trillion, accounting for approximately 38% of the global crypto trading market share, far surpassing many competitors in the industry.
