Changpeng Zhao is believed to be the richest person in the world.
The images are courtesy of Andrey Rudakov/Bloomberg.
According to a new estimate by the billionaires index, Changpeng Zhao, better known as CZ, is worth $96 billion.
The world's wealthiest people have a net worth greater than that of CZ. The $96 billion figure is close to the estimated $124 billion of Mark Zuckerberg and the $116 billion of Warren Buffet.
CZ's personal holdings of cryptocurrencies such as bitcoin and the company's own token are not included in the estimate. The fourth-biggest coin by market cap is the Binance coin.
According to most estimates, the finances of the world's biggest coin exchange are not known.
It estimated that the company made $20 billion in revenues last year. The company is believed to be owned by Zhao.
A net worth of $96 billion would make CZ the richest person in the world. Thanks to their holdings of the world's biggest cryptocurrencies, the anonymous creator of bitcoin is estimated to be second on the list with $45.8 billion.
Sam Bankman-Fried is the creator of the FTX crypto exchange and has a total of $15.4 billion. Brian Armstrong has a net worth of $8.9 billion.
FTX founder Sam Bankman- Fried gets by on four hours of sleep and six screens. The tough questions facing his company are broken down by Insiders.
Estimating wealth in the market is difficult. Forbes has CZ's net worth at NationMaster NationMaster NationMaster, far below the estimate by the news agency.
Fortunes can change dramatically from day to day, with the value of cryptocurrencies dropping or gaining 10% in a single session. In November, it was trading at a record high of $69,000, but is now trading at around $42,000.
Over the last year, the world's largest exchange for cryptocurrencies has been at the center of the boom. On a good day, the exchange sees trading volumes of $170 billion.
Regulators around the world are trying to get to grips with the opaque world of cryptocurrencies.
The UK has cracked down on the ability of the exchange to offer services to British customers because it is not in compliance with anti-money laundering laws.
In July of last year, he said that he welcomed regulation and that he was looking to become a fully regulated financial institution.
A request for comment was not immediately responded to.
Business Insider has an original article.
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