Binance CEO is 300% more wealthy than FTX’ Sam Bankman-Fried: Report
Changpeng Zhao is three times richer than Sam Bankman-Fried, the founder of global crypto exchange FTX.
Changpeng Zhao is the chief executive officer of the first ranked crypto exchange Binance. Because of quality services, Binance is standing at the top in this industry, despite huge regulatory hurdles from many regulatory bodies globally. These things are enough to show the power and potential of Binance exchange with its compliance-based team against challenges.
Since the birth of Bitcoin, the world is continuously getting huge numbers of millionaires and billionaires because of wise investment in Bitcoin & other crypto assets. Besides the investment strategies, many people generated revenue through the Crypto related services with the idea of first-mover advantage.
Recently Forbes published a report and noted that currently, the net worth of Changpeng Zhao is 3 times more than Sam Bankman-Fried, who is CEO of leading crypto exchange FTX.
At present, Binance CEO is holding 70% of the value of the business of Binance Exchange. At this 70% stake value, his net worth is $65 billion and at this net worth value, he is the 19th richest person in the world.
In January of this year, Bloomberg reported that Binance’s CEO’s estimated net worth is $96 billion. So according to Bloomberg, Zhao is the 11th richest person in the world.
Sam Bankman-Fried, CEO of FTX exchange is the second biggest wealthy person in the crypto industry. According to Forbes’ estimated idea, the FTX CEO’s current net worth is around $24 billion, and also has better wealth-power than his FTT with around $7 billion worth.
In that list, Brian Armstrong, CEO of Coinbase exchange, is standing at 3rd position in the crypto industry. Coinbase exchange is standing in a better position in terms of every manner in the crypto industry of almost every country. But still, he is behind the FTX CEO and Binance CEO by a significant distance. His current estimated worth is $6.6 billion. Brian currently holds only 19% stakes in the Coinbase exchange, which is a Nasdaq-listed public company.
Read also: Hedera Hinting to show bullish growth this year with Metaverse, Web3 & gaming support
