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Forbes: CZ's current net worth is estimated at $61 billion, or he holds 64% of the BNB token circulation
2024-06-14 11:58
Odaily News According to Forbes, former Binance CEO CZ is now worth an estimated $61 billion, making him the 24th richest person in the world;. The next richest person in the cryptocurrency field is Coinbase founder Brian Armstrong, who is worth $11 billion. Forbes analyzed that CZ resigned as CEO in November 2023, but his 90% stake in Binance is still worth $33 billion. Although Binance paid a $4.3 billion fine, the impact on CZ's personal wealth was less severe because he only had to pay a $50 million fine. In the six months since he left the company, its share of the total spot market across exchanges has increased from an average of 38% in the two months before his settlement to 42%. In addition, Forbes said that the significant change in CZ's net worth came from his personal holding of BNB, a token issued by the exchange, which we estimate to be 94 million tokens, accounting for 64% of the 147.5 million BNB tokens in circulation. Forbes estimates that Binance owns 71% of the BNB supply.