On January 15, according to the Bloomberg Rich Index, Zhao Changpeng, the founder of the cryptocurrency exchange, ranked 12th in the global list with a net asset of 94.1 billion US dollars, about 597.7 billion yuan.
The richest man, Elon Musk, has a net worth of $264 billion, and the top ten richest people are listed as the technology industry, and Zhao Changpeng belongs to the financial industry.
Zhao Changpeng was ranked 11th on bloomberg's rich list on January 10, and the next day, his information on the list was not displayed. On the same day, Fortune magazine published an article that on the Bloomberg billionaire list, Zhao Changpeng ranked between 12th Mukesh Ambani and 10th Oracle co-founder Larry Ellison, with assets of $960. Currently, Mukesh Ambani ranks eleventh with a net worth of $9.708 billion.
According to the 2021 Hurun Rich List, Zhao Changpeng ranked 114th with the Bosideng Gao family with a wealth of 52 billion yuan, about 8 billion US dollars. In the same year, the Forbes Rich List estimated Zhao Changpeng's net worth of $1.9 billion. In November 2021, some financial media exposed that some insiders revealed that according to the current transaction scale, Binance's valuation will reach $300 billion; at the same time, according to Forbes data, founder Zhao Changpeng has 30% of Binance's shares, and Zhao Changpeng's assets reached $90 billion, making him the richest man in Asia; as of now, the relevant original text is also untraceable.
In addition, Bloomberg released "Binance CEO Zhao Changpeng's net assets: billionaires master the world's largest crypto wealth" on the 10th, and the title of the article is currently displayed as "the world's largest crypto wealth began with a poker game".
The article discloses that according to his public statements and undisclosed judicial regulatory documents, Zhao Changpeng holds 90% of Binance's shares; with its transaction volume and fee analysis, Binance's income in 2021 is at least about 20 billion US dollars, thus calculating Zhao Changpeng's wealth, and does not consider his personal crypto assets BNB.
Zhao Changpeng once told The Associated Press that he holds bitcoin and most of his assets are BNB. In April 2021, Zhao Changpeng said that BNB, which accounts for 40% of the total BNB, will be destroyed in the future. If not destroyed, the BNB held by the Binance team would be tens of billions of dollars. On January 14, BNB was priced at $479 and had a market capitalization of $80 billion.
For Zhao Changpeng's shareholding ratio in Binance, Binance has said that there is no response to Blue Whale Finance. Binance was pointed out by early investors that it followed the principle of 'no confirmed rights, no entity, no statement, no rights, no dividends, no cents, no repurchases, and no transfers', investing tens of millions of yuan in Binance, but dragging on for three years without giving shares. Blue Whale Finance has learned from other early investors of Binance that the situation is basically the same.
According to people familiar with the matter, Zhao Changpeng is quickly becoming a regular visitor to the UAE, meeting members of the royal family, buying apartments in Dubai, and hosting dinners at the Burj Khalifa, the world's tallest building.
On January 10, Zhao Changpeng responded suspiciously to the listing, posting a message on social media saying that he did not care about the ranking and focused on how many people he could help.
The article mentions that Zhao Changpeng moved to Vancouver, Canada with his family at the age of 12, now holds Canadian citizenship, studied computer science, and later worked in finance in Tokyo and New York, and is also described as a former McDonald's gig employee and former programmer. Zhao Changpeng's crypto rich road began in 2013 with Bitcoin China CEO Li Qiyuan and investor Cao Da rong in a poker game in Shanghai, allowing him to invest 10% of his wealth in Bitcoin, and then sell his house to buy coins and set up Binance in 2017. Zhao Changpeng also served as CTO of the former OKCoin.
In 2021, the cryptocurrency market has risen sharply. Bitcoin and other virtual currencies once reached a historic high, a number of traditional financial institutions have reversed the wind, launched related services, and U.S. stocks and Hong Kong listed companies have added crypto assets. Since the beginning of 2021, with the popularity of Defi and NFT, the public chain native token as infrastructure has risen sharply, ethereum and Binance platform coin BNB have reached record highs, of which BNB has risen more than 10 times in one year.
According to industry insiders, in the fourth quarter of 2020, when risk events were reported on other platforms, Binance's user volume increased. Binance has said that it will liquidate Chinese users at the end of 2021 and remove the CNY trading area in the C2C area. It is understood that there are still mainland KYC users who can use the platform, and there are still CNY options in the C2C area.
Binance's headquarters address also continues to receive attention. In September 2017, Chinese mainland the supervision of cryptocurrency exchanges increased, and Binance, which had just been established for more than two months, needed to be deployed overseas. In March 2018, it was warned by the Japanese Financial Services Agency that Binance would move its headquarters from Japan to Malta. In November 2019, the headquarters of the Shanghai Central Bank issued a document to check on the Shanghai Virtual Currency Exchange.
According to media reports such as Caijing Network and Oriental Satellite TV, many office locations in Binance Shanghai were unmanned at the end of the month. Binance has denied having a local workplace and has since set up a research institute in Lingang, Shanghai.
Binance has been warned by financial regulators from the United Kingdom, Germany, Japan, Malaysia, South Africa, Singapore and other countries, and has successively announced the withdrawal of users in the United States, China and Singapore. In December 2021, Binance withdrew its application to operate on a local crypto exchange in Singapore. On 21 December 2021, Binance officially announced the signing of a Memorandum of Understanding (MoU) with the Dubai World Trade Centre Authority (DWTCA) to establish a global virtual asset industry hub in the region. A few months ago, it was announced that Binance headquarters was located in Ireland.
Binance has experienced turmoil such as coin theft and user KYC information outflow, and its public chain intelligent chain BSC has had a number of risk events. Previously, Binance was criticized by users for suspending Dogecoin and the Boba project airdrop incident. In addition, users recharge the Flow tokens of the Binance platform, delaying the arrival of the account for two days, and the asset loss due to the decline in the price of Flow; Binance suspended the recharge of the Ronin mainnet to the exchange for three days, which also caused some users to be damaged by not adjusting the strategic assets in time during the relevant operations.