Former Binance CEO Changpeng Zhao’s Wealth Soars Despite Legal Troubles
Former Binance CEO Changpeng Zhao, also known as CZ, has experienced a staggering increase in his estimated wealth of nearly $25 billion in 2023, despite facing US criminal charges and the possibility of imprisonment next year.
CZ’s financial growth has propelled him to the top of the list of crypto entrepreneurs who have seen a significant rise in their net worth this year, according to the Bloomberg Billionaires Index.
Crypto Billionaires Benefit From Market Rebound
CZ is not alone in benefiting from the rebound in the crypto market. Coinbase CEO Brian Armstrong’s wealth has increased by $5.8 billion this year, reaching $7.2 billion. Fred Ehrsam, co-founder of Coinbase, has also seen a surge in his estimated wealth by $1.8 billion.
The Winklevoss twins, Tyler and Cameron, co-founders of Gemini Trust crypto exchange, witnessed their wealth grow by $1.4 billion each in 2023, reaching $2.7 billion each. Barry Silbert, founder of Digital Currency Group (DCG), also experienced a growth in his wealth by $1.5 billion this year.
Hot Take: CZ’s Wealth Surges Despite Legal Challenges
Despite facing legal troubles and potential imprisonment, former Binance CEO Changpeng Zhao has seen his wealth skyrocket by $25 billion in 2023. This remarkable financial growth places him at the top of the list of crypto entrepreneurs whose net worth has surged this year.
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