TLDR
- CZ’s net worth was estimated at $87.3 billion by Forbes but he calls it too high.
- BNB hit an all-time high of $1,241.81, boosting Binance’s market cap to $171.93 billion.
- CZ focuses on helping others, stating wealth doesn’t define success for him.
- Binance now has 275 million active users as the platform continues to grow globally.
Changpeng Zhao (CZ), the founder and CEO of Binance, has downplayed his recent ranking on the Forbes Billionaires list, emphasizing that wealth is not the true measure of success. Following Forbes’ estimation of his net worth at $87.3 billion, CZ expressed that the figures were inflated and largely irrelevant to his personal goals.
CZ Questions Forbes’ Wealth Estimation
Forbes recently ranked CZ as the 21st richest person globally, placing his fortune at $87.3 billion. However, CZ quickly responded on social media, stating, “I don’t believe this is accurate (way too high).” He added that such figures do not matter to him. According to CZ, what truly matters is the ability to help people and improve the world.
In the same response, CZ stressed that his focus remains on making a positive impact rather than accumulating wealth. This statement aligns with his consistent stance over the years, where he has prioritized social causes, user security, and technological advancement over personal financial gain.
Binance’s Success and BNB Token Surge
While CZ dismissed the significance of his personal wealth, his company, Binance, continues to show impressive growth. Recently, Binance’s native cryptocurrency, BNB, reached a record high of $1,241.81. The surge in BNB’s price is largely attributed to increased market activity and growing investor confidence in the platform.
Binance’s market capitalization soared to $171.93 billion, making BNB the fifth-largest cryptocurrency worldwide. The rise in BNB’s value was also reflected in its Total Value Locked (TVL), which hit $15 billion, its highest in over three years. This upward trend indicates a solid trust in the Binance blockchain and its ecosystem.
CZ’s Personal Preferences and Social Media Activity
Despite the success of Binance, CZ has shown a preference for engaging with the broader crypto community on X (formerly known as Twitter) rather than Binance’s proprietary social media platform, Binance Square. He explained that he avoids staying logged into Binance.com for security reasons and enjoys the broader reach offered by X.
This personal insight came amidst the growth of Binance’s active user base, which recently reached 275 million users. CZ’s openness to interacting with the wider crypto community outside Binance’s ecosystem highlights his approachability and the importance he places on transparency.
Expanding Binance’s Global Influence
Beyond social media, CZ has been focused on strengthening Binance’s presence globally. In a recent trip to Kazakhstan, he met with President Kassym-Jomart Tokayev to discuss Binance’s operations in the country. The meeting also covered the inclusion of BNB in Kazakhstan’s state reserves, marking a milestone for Binance’s credibility in the country.
In addition to his role in Kazakhstan, CZ has been making strides in Pakistan, where he was appointed Strategic Advisor to the Pakistan Crypto Council earlier this year. His work with governments and private sectors in various countries aims to build compliant, transparent, and competitive crypto ecosystems.
Despite the ongoing attention on his personal wealth, CZ’s involvement in shaping the future of cryptocurrency remains focused on collaboration and global integration. His efforts aim to provide security and value to users worldwide, which continues to drive Binance’s success.
