Binance Founder Rejects Wealth Ranking
Binance founder Zhao Changpeng, also known as CZ, has dismissed a report ranking him as China's 13th richest person, calling it "nonsense".
The Hurun Research Institute estimated Zhao's net worth at over $26 billion, with a 41% increase this year.
He added that the reported net-worth number should be divided by 100.
Other sources, such as Forbes and Bloomberg, have estimated Zhao's net worth at $90 billion and $61 billion, respectively.
Calculating the personal wealth of cryptocurrency investors is challenging due to digital asset volatility and lack of transparency.
Author's summary: Binance founder disputes wealth ranking.
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