Changpeng Zhao Net Worth is Up $16B in 2023 to $23B

Changpeng Zhao, the founder of Binance, is swimming in money as cryptocurrencies rebound. Data compiled by Bloomberg pegs his net worth at more than $23.9 billion, meaning he has added over $11 billion in value this year. This makes him the 63rd richest person on earth.

Changpeng Zhao net worth

Changpeng Zhao, popularly known as CZ, is one of the most popular figures in the crypto industry. He is best known for starting Binance, the biggest exchange in the world. At its peak, Binance had over 100 million customers around the world. 

It is unclear how much Binance is valued itself since it is a privately-owned company. Coinbase, the second-biggest player in the industry, is valued at over $13.45 billion. At its peak, Binance was estimated to be worth over $200 billion. Coinbase had a peak market cap of more than $70 billion. According to DeFi Llama, Binance has over $72 billion worth of customer assets.

Changpeng Zhao’s net worth comes fom his ownership of Binance. He is also believed to own cryptocurrencies worth millions of dollars. For example, Binance was the creator of BNB Coin, which he definitely owns. 

Further, Changpeng has invested in tens of companies in the private market. The company’s venture arm is estimated to have about $7.5 billion in assets. Some of the top investments are Woo Network, Aptos, League of Kingdoms, and Audius among others.

Difficult to estimate

Still, it is extremely difficult to estimate Changpeng Zhao’s net worth since Binance is a private company that does not publish its financials. Also, most of his net worth is highly illiquid, making it extremely difficult to move. 

A good example of this is Sam Bankman-Fried (SBF), who was worth over $16 billion. As his empire collapsed, he had less than $100k in his bank accounts. Similarly, Elisabeth Holmes was estimated to be worth over $4.5 billion but he was left with nothing when his company fell.