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Reading: Binance CEO Changpeng Zhao denies estimated wealth of $28 billion.
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Binance CEO Changpeng Zhao denies estimated wealth of $28 billion.
Cryptodetective > Blog > News > Binance CEO Changpeng Zhao denies estimated wealth of $28 billion.
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Binance CEO Changpeng Zhao denies estimated wealth of $28 billion.

crypto
Last updated: 2023/04/30 at 9:29 PM
crypto Published April 30, 2023
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# CZ from Binance Talks FUD, Finance Rich List and Media Criticism

Cryptocurrency exchange Binance’s CEO, Changpeng Zhao, tweeted again yesterday with a ‘4’ in it. This is a reference to his earlier tweet at the beginning of the year sharing his goals for the year with his 8.3 million followers. At number 4 on that list was his intention to ignore FUD (Fear, Uncertainty, and Doubt).

## Binance CEO Ranks Third on ‘Finance Rich List’

Bloomberg has placed the world’s largest crypto exchange’s CEO in third place on their ‘finance rich list.’ Bloomberg estimates CZ’s net worth to be $28.2 billion, putting him behind Jeff Yass, co-founder and CEO of one of Wall Street’s largest and most successful trading companies Susquehanna International Group, and Ken Griffin, founder and CEO of multinational hedge fund Citadel LLC.

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CZ tweeted that the list contains inaccurate information about his assets, stating, “Numbers all wrong. I don’t have anywhere near as much. Don’t know why they do this.”

## CZ’s Response to Mainstream Media Criticism

CZ often appears in crypto news, tweeting about inaccuracies in mainstream media reports. He is critical of how the industry is represented in mainstream media articles, and he has repeatedly denied information from major sources such as Bloomberg and Forbes, often referencing the aforementioned ‘4.’

At the end of February, CZ disregarded a Forbes article claiming that Binance had sent $1.8 billion in capital intended to cover stablecoins to hedge funds without informing its users.

The CEO had also dismissed a Bloomberg article earlier, which suggested that Binance was considering severing ties with its American partners.

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CZ has made it clear that he welcomes more exchanges in the space, as long as they are well-run.

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