Forbes: CZ's assets are currently 61 billion USD, nearly half in BNB

If Forbes' estimate of the amount of BNB held by the Binance founder is correct, CZ will be the richest billionaire in the crypto industry and the 24th richest in the world.


Forbes newspaper on the evening of June 14 published an analysis of the real assets of Mr. Changpeng Zhao (CZ), founder and former CEO of the world's largest cryptocurrency exchange Binance.
According to this article, CZ's total assets as of June 2024 are 61 billion USD, an increase of 28 billion USD compared to statistics conducted by this unit in April 2024, far ahead of the second ranked person. Coinbase CEO Brian Armstrong with only $11 billion in net assets.

First, even though he was convicted by the US government and is serving a 4-month prison sentence in California, Mr. Changpeng Zhao, in a settlement agreement with the US Department of Justice in November 2023, is still allowed to hold power. owns Binance. This means that CZ still controls 90% of the shares in the world's No. 1 crypto exchange, with a valuation of 33 billion USD. This is also the asset level estimated by Forbes for CZ in the previous report.
However, the latest difference is that the news site announced that it had found evidence that Mr. Changpeng Zhao still holds a large amount of BNB - Binance's own token. Accordingly, CZ is said to own directly or indirectly through Binance nearly 94 million BNB - worth $56 billion at the time of writing and accounting for 64% of the current circulating supply of 147.5 million BNB. This amount includes:

- 41.6 million BNB through ownership of Binance: The Binance team was initially allocated 80 million BNB after the ICO in mid-2017. This amount has since been reduced to 46.2 million tokens. Since CZ owns 90% of Binance, he will have decision-making power over 41.6 million BNB therein.

- 52 million BNB from other Binance wallets: Forbes claims that Binance's ICO in 2017 failed to sell all of its tokens, so the excess funds were transferred to wallets controlled by Mr. Zhao and Binance. These wallets are estimated to hold 58 million BNB at present, and when multiplied by CZ's 90% ownership, the Binance founder would add an additional 52 million BNB to his assets.

Estimated current BNB token allocation by Forbes, with the Binance team believed to own up to 70% of the circulating supply
However, because of controlling so much BNB, Forbes believes that the actual valuation of the amount of BNB controlled by Mr. Changpeng Zhao will only be 50% of the market price, or about 28 billion USD, in case the billionaire advances. onion sold.

On social network high potential will not sell.
In the past, Mr. Changpeng Zhao has repeatedly stated to the media that he personally only holds two cryptocurrencies, Bitcoin (BTC) and BNB, and even clearly stated this on his personal X-file (Twitter). core.

The BNB token price in 2024 has increased more than 130%, jumping from 311 USD to a new record peak of 721 USD on June 6, before being adjusted to the 600 USD area at the time of this article.