The richest Chinese person has changed hands, and Binance founder Zhao Changpeng is worth $90 billion

According to Bianniu.com on November 30, the cryptocurrency platform Binance and its founder Zhao Changpeng's story of making a fortune have gradually become known. Binance has only been established for four years and has become the world's largest cryptocurrency exchange, with 3,000 employees worldwide and a daily trading volume of $76 billion, which is more than its four largest competitors combined. According to insiders, based on the current trading scale, Binance's valuation will reach $300 billion.

It is reported that Zhao Changpeng controls most of Binance's shares. According to Forbes data, founder Zhao Changpeng owns 30% of Binance shares. Based on this calculation, Zhao Changpeng's net worth has now reached 90 billion US dollars (equivalent to 573.3 billion yuan). This net worth means that Zhao Changpeng has become the richest Chinese and among the top ten richest people in the world.

In early November this year, Forbes magazine released the list of China's richest people. The first place was Nongfu Spring Chairman Zhong Shanshan, with a net worth of 424.4 billion yuan. ByteDance founder Zhang Yiming (382.5 billion yuan), CATL founder Zeng Yuqun (327.2 billion yuan), and Tencent founder Ma Huateng (316.2 billion yuan) followed closely behind. In comparison, Zhao Changpeng's net worth is 35% higher than that of Zhong Shanshan, the richest man in mainland China.

According to past reports, Zhao Changpeng is a Chinese Canadian who has a high influence in the field of cryptocurrency and is known as "CZ". He was born in 1977 and lived in Jiangsu as a child. Later, he moved to Vancouver, Canada with his family and is currently living in Singapore.

In 2005, Zhao Changpeng founded Fuxun Information, Bijie Technology and other companies in Shanghai and made his first fortune. In 2013, he entered the Bitcoin field. In 2017, he founded Binance with his team and issued the digital currency "Binance Coin" (BNB). Half a year later, Binance had 6 million users, becoming the world's largest cryptocurrency exchange and maintaining its leading position in the industry to this day. Zhao Changpeng said that he hoped Binance would grow at a more moderate pace, "We hope that other exchanges can grow a little bit bigger so that they can share the user pressure with us."

Currently, Binance's monthly spot trading volume has topped the list for 15 consecutive months. The rapid growth in trading volume has led to a rapid increase in Zhao Changpeng's net worth.