One of the most famous names in the elite royal circle of Abu Dhabi and who was recently spotted at the Grand prix is a certain crypto currency billionaire and owner of Binance, Changpeng Zhao. He’s known as CZ to cryptophiles and is literally the only person the world is talking about, when it comes to personal wealth.
His net worth is $96 billion, according to the Bloomberg Billionaires Index and that puts him ahead of Asia’s richest person, Mukesh Ambani, Mark Zuckerberg and Google founders Larry Page and Sergey Brin as well. This wealth estimate doesn’t include his crypto holdings.
Binance is banished from China, where it was actually founded and the company has been at the heart of controversies ever since. It generated at least $20 billion of revenue last year. CZ was born in China and at the age of 12, he moved to Canada with his parents. After his father lost his job, Zhao worked at many odd jobs to make ends meet, including flipping burgers at McDonalds. He then went on to study Computer science at University level, and in 2005, he founded a company which catered as the fasting trading system for brokers.
Zhao entered the block chain and cryptocurrency world in 2013, even before the world actually got familiar with it. He founded Binance in 2017 and quickly climbed the money ranking chart in no time. He is currently the 11th richest person in the world.