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Binance founder Changpeng Zhao, CZ, has responded to a tweet, adjusting the size of his net worth.
He also commented on his biography, which was shared in brief by a crypto enthusiast, starting from CZ’s childhood.
CZ's path from poverty to billionaire status
The @Crypto_Jargon X account published a thread about Changpeng Zhao’s biography, revealing all bumps and scrapes CZ has survived, reminding the community of his current high-tier status and the fortune he has made.
The thread mentions CZ's family's move from China to Canada, where his father made a living washing dishes. When CZ was a teenager, he took on multiple jobs, including one where he flipped burgers at McDonald's and then worked night shifts at a gas station.
In 2017, CZ and his team founded what has now become the largest crypto exchange in the world by trading volume, Binance. This platform now has a daily volume of $20,747,488,726.73 and is worth around $300 billion.
His fortune began to grow fast. In 2023, CZ had to step down from his position as CEO, handing it over to Richard Teng because of regulators’ scrutiny, and Binance was forced to pay the largest fine in history — $3.6 billion. In 2024, CZ went to jail and spent four months there, from May to September. The source claims that while inside, CZ earned $25 million per day.
There, he also started writing a book, and before he began his prison term, CZ founded Giggle Academy for free online education.
CZ reveals truth about his fortune's size
CZ’s net worth is currently around $64 billion, the report stated. However, Changpeng Zhao responded that this figure is “probably off (way too much).” He did not reveal the true size of his fortune, and he has always done that. As for his bio, he said: “Just the beginning.”
In a recent interview with Anthony Pompliano, CZ also dodged this question, just saying that money is not a problem for him now and he can afford either to make investments of any size or to start his own projects. He now values time a lot more than money. He also tweeted earlier that he holds all of his personal funds in crypto — Bitcoin and BNB.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team