Zhao Changpeng, the richest Man in China, shrank his assets by 90%, and Zhong Returned to the throne of the richest man
In November last year, China's Caijing magazine reported that Zhao Changpeng's net worth had reached $90 billion (about 573.3 billion yuan), surpassing Nongfu Shanquan's chairman Zhong Sui's 424.4 billion yuan, becoming the new richest man in China.
In February 2018, Zhao Changpeng also appeared on the cover of Forbes magazine, and ranked third in the Forbes digital currency rich list with a net worth of 1.1-2 billion US dollars in Forbes magazine's first release of the world's digital currency rich list.
Zhao Changpeng is the founder of the cryptocurrency exchange Binance, and its assets are mainly cryptocurrencies, so the rise and fall of the market has a great impact on Zhao Changpeng.
The data shows that Bitcoin has fallen for 7 consecutive days, the longest consecutive decline since March 2020, and as of now, the price of Bitcoin has fallen to its lowest since December 2020, at $26,700, and since the beginning of the year, the price of Bitcoin has fallen by about 45%.
Such a huge decline in cryptocurrencies has caused investors to suffer heavy losses, of which Zhao Changpeng's assets have shrunk by nearly 90%!
According to Qubit, with the decline of cryptocurrencies, Binance CEO Zhao Changpeng also suffered significant losses. January's Bloomberg Billionaires Index showed Zhao Changpeng's personal wealth at $96 billion. As of May 11, his net worth had shrunk to $11.6 billion, evaporating nearly 90 percent.
