Binance co-founder Changpeng Zhao's (CZ) assets are estimated to have exceeded approximately 105.42 trillion won (758 million dollars) thanks to the BNB price surge. This is a result of the BNB price reaching a record high of 850.70 dollars (about 1,182,500 won) on the 10th (local time).
According to the on-chain analysis platform Nansen, this price increase is interpreted as a result of the BNB burning policy, increased chain usage, and buying pressure from whale investors. This trend is expected to have a significant impact on Zhao's asset value in the long term.
In June 2024, Forbes reported that Zhao currently holds about 89.1 million, which is 64% of the total 139.3 million BNB in circulation. Additionally, Binance holds another 7%, effectively controlling most of the market supply.
Zhao previously stated in a Binance Square post in February that "98% of my portfolio is in BNB, and 1.32% is in Bitcoin (BTC)". This concentrated investment shows that BNB's sharp rise can cause an explosive increase in Zhao's net worth.
Currently, on Forbes' real-time billionaire ranking, Zhao is ranked 23rd with a net worth of approximately 98.69 trillion won (71 billion dollars). This figure reflects his 90% Binance stake and BNB holdings. Notably, his BNB assets alone are impressive enough to surpass the Koch family, who own 42% of Koch Industries, the second-largest private company in the United States.
Despite the spread of cryptocurrency industry investigations and regulations, Zhao's assets continue to show a steady upward trend alongside the BNB ecosystem expansion. This record is considered the highest wealth accumulation by a single cryptocurrency founder through a single asset.
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