CZ Dubbed Elon 'Pre-Rich' After Trillionaire Slump

Binance's CEO Changpeng Zhao has sparked a wave of humor in the crypto community after jokingly referring to Elon Musk as 'pre-rich'.

This came after Musk, the founder of SpaceX and Dogecoin fan, made light of his recent decline below the $1 trillion mark in net worth.

Musk's decline was largely due to a drop in the stock price of his aerospace company, which makes up the majority of his wealth. Although he still maintains his status as the world's richest person, Musk has slipped out of the trillionaire club.

CZ's comment has been met with laughter and amusement from the crypto community, who find it humorous that someone worth hundreds of billions of dollars can be considered 'pre-rich.'