Jakarta, Pintu News – Changpeng Zhao, better known as CZ, is a familiar figure in the crypto world. As the founder of Binance, the world’s largest crypto exchange, CZ is often a major topic of conversation.
Although many sources claim his fortune to be in the tens of billions of dollars, CZ himself recently categorically denied those figures, giving a more realistic picture of his personal wealth.
According to the Hurun Research Institute’s “2025 Hengchang Shaofang Hurun Rich List”, CZ was placed in 13th place with an estimated wealth of 190 billion yuan, a 41% increase from the previous year.
However, in a post on X, CZ dismissed the figure as inaccurate. “Nonsense, divide by 100 and it’s about right,” he wrote. If taken literally, this puts his wealth at around 1.9 billion yuan (about $260 million), much lower than the estimates circulating.
CZ has long been known for his humble attitude and transparency regarding his wealth. Although many online sources and wealth assessment agencies rank him among the richest billionaires, CZ himself seems to prefer to emphasize on the innovation and development of Binance rather than boasting of personal wealth.
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CZ founded Binance in 2017 and in a short period of time, turned it into the world’s largest crypto exchange. Nonetheless, in November 2023, CZ stepped down as CEO as part of a major settlement with US authorities. He pleaded guilty to failing to maintain an effective anti-money laundering program.
As part of the settlement, CZ paid a $50 million fine and served four months in prison. Despite his legal ordeal, CZ remains a major influence in the crypto industry. His estimated 90% stake in Binance and ownership of the Binance Coin (BNB) token shows how much influence he has in the daily and strategic operations of the exchange.
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According to a post on Binance Square earlier this year, CZ’s portfolio is dominated by Binance Coin (BNB), which accounts for about 98% of its assets. Bitcoin (BTC) follows with 1.3%, and stablecoins such as Euro Tether (EURI) and Tether (USDT) at 0.17% and 0.03% respectively. CZ also has a large stake in YZi Labs, an investment firm that focuses on Web3, artificial intelligence, and biotechnology.
Although Forbes and Bloomberg’s Billionaires Index estimate his wealth to be in the billions of dollars, CZ insists that this figure is far from the truth. His openness about his personal wealth and his focus on further developing technology show his unique character among tech billionaires.
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