![]() It’s little wonder, then, that the anonymity Zhao has enjoyed is ending. ![]() Sources inside Binance say that based on that volume of trades and fees, and crypto’s projected growth rate, the company is now worth about $300 billion, nearly six times the market cap of Coinbase, its nearest competitor. Binance regularly hosts far more trading volume than any other platform-for an astounding total of $34.1 trillion during the crypto boom year of 2021, according to the company-with the exchange taking a commission on each trade. Since founding Binance in 2017, he has built it from scratch to being the world’s biggest crypto exchange by a wide margin he estimates the platform now has 100 million users. He reached the peak with lightning speed, even by tech standards. Still, much like Facebook’s founder, Zhao-universally known, to those who do know him, as C.Z.-sits atop an industry with the potential to drastically disrupt wide swaths of the economy. “If they think I am worth that much, that is what they think,” he tells me. For his part, Zhao seems bemused by the idea that his wealth should impress anyone. Though that figure fluctuates wildly with the crypto market-by late March it was a mere $74 billion-it still makes him one of the planet’s richest people. Bloomberg estimates that Zhao’s net worth has reached as high as $96 billion. ![]() Yet the 44-year-old founder and CEO of Binance is worth about as much as the chief Meta-mate. True, Changpeng Zhao, unlike Zuck, is almost unknown outside his industry. It’s hard to imagine, say, Mark Zuckerberg going unrecognized if he happened to wander in for coffee.
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