The crypto market is considered to be a very volatile business, where the investor reaches the top in an instant and also falls to the ground in a jiffy. Meanwhile, one such amazing case of cryptocurrency has come to the fore. Where a man sold his house and invested in cryptocurrencies and became the richest person in Asia today. Yes, we are talking about Binance CEO Changpeng Zhao who has overtaken Mukesh Ambani in terms of wealth.
The owner of assets of $96.5 billion
Changpeng Zhao, the founder and CEO of Binance, has reached the ranks of the world’s wealthiest people. According to the report, No. 1 Asia’s richest person, Zhao,’s estimated net worth as of Wednesday is at least $96.5 billion. Binance CEO Zhao’s net worth has now surpassed Mukesh Ambani and is just behind Oracle founder Larry Ellison.
Binance, a cryptocurrency exchange, was founded in 2017.
Zhao, according to a report, used to be part of a McDonald’s burger-making staff. No. 1 Asia’s richest person Zhao has surpassed Mukesh Ambani, India’s richest man, in terms of net wealth. Mukesh Ambani’s net worth is estimated to be at $ 93.9 billion at the moment. Let us remind you that Zhao founded Binance, a cryptocurrency exchange, in 2017. For this, he even sold his apartment and put the proceeds into cryptocurrencies. According to the newspaper, Zhao owns 90% of Binance’s stock, and the company is expected to produce $ 20 billion in sales by 2021 .
No. 1 Asia’s richest person Zhao is also known as CZ
According to a statement released by Binance, the cryptocurrency is still in its early stages of development. Any number you hear one day may not be the same number you hear the next. Zhao is also known as CZ among cryptophiles. According to the research, they are rapidly gaining ground in the United Arab Emirates. They’re meeting and partying with the royal family in Abu Dhabi, and they’ve also purchased an apartment in Dubai, where they plan to establish their Binance exchange. Binance, on the other hand, has made no remarks on the matter. No. 1 Asia’s richest person
Read more articles click here
Shopping as print on demand visit on Purpleosy mall