In the recent news, Binance CEO, Changpeng Zhao has become Asia’s richest person with an estimated net worth of a whopping $96 billion. According to reports, the 45-year-old entrepreneur has overtaken Indian business magnate Mukesh Ambani of Reliance in the ranking. Ambani’s net worth stands at around $92.6 billion currently. Tesla chief Elon Musk is on top of the list with an assessed wealth of $263 billion.
Changpeng Zhao Overtakes Mukesh Ambani to Become Asia’s Richest Person
Changpeng Zhao, Asia’s richest person is also now the official 11th wealthiest man in the world, according to the Bloomberg Billionaires’ Index. His crypto exchange Binance, in recent years, has worked its position as the largest in the sector in terms of the trading volume. The entrepreneur has moreover, become the first person to enter the list of billionaires from the crypto ecosystem. He has secured the 11th spot without the valuation of his personal crypto assets included, which can be predicted to be huge.
On his Twitter wall, Asia’s richest person, Changpeng Zhao responded to the development with a special message to his 4.8 million followers.
Don't worry about rankings. Focus on how many people you can help.
— CZ 🔶 Binance (@cz_binance) January 10, 2022
Crypto Exchange Binance Was Established in 2017
Furthermore, Binance CEO Changpeng Zhao had established Binance in 2017 with its office in China. Later, when China started tightening the noose around crypto activities in the country, Zhao moved his business out of the Asian nation. In order to stay top of the game, Zhao has been retaining a streak of collaborations and investments with other crypto players from around the world.
According to Bloomberg’s estimation, Zhao, Asia’s richest person stands just after Oracle co-founder Larry Ellison, whose net worth currently leads by roughly $107 billion. Amazon founder Jeff Bezos secured the second spot on the list with his net worth being projected at around $188 billion. Bill Gates, followed by Mark Zuckerberg and Larry Page ranked at 4th, 5th, and 6th positions, respectively.