Binance Founder Zhao's Net Worth Soars to $91.2 Billion in Just 24 Hours
Binance founder Changpeng Zhao's estimated net worth has surged to $91.2 billion after a significant increase of $9.76 billion in just 24 hours, according to the Bloomberg Billionaires Index.
This gain represents about 12% growth in a single day and brings Zhao's wealth growth for the year to $41.5 billion, an impressive 83.6% increase.
Zhao founded Binance in 2017 and remains its largest shareholder, with Forbes estimating that he owns approximately 90% of the privately held cryptocurrency exchange.
The value of Zhao's net worth is closely tied to the valuation of his ownership stake in Binance and his holdings of the company's BNB token.