Introduction
Changpeng Zhao, also known simply as CZ, is a powerful figure in the world of cryptocurrencies and blockchain technology. He is the founder of Binance, one of the earliest cryptocurrency exchanges which has since become a major player in the market.
CZ previously worked at Blockchain.info and Forbes featured him on its “Asia’s Fintech 50” list in 2019. Recently, he has been vocal in advocating for decentralized finance (DeFi) and educating people on how it works. His influence in this relatively new area of financial technology spreads quickly throughout the world, making him an excellent ambassador for this burgeoning industry.
Early Life
Changpeng Zhao was born in Jiangsu, China, in 1977 and raised primarily by his father after his parents divorced. His earliest brush with financial success came when he was 13, when he founded and sold a computer system business in the city of Chongqing.
At the ripe age of 18, he began trading stocks on the Hong Kong Stock Exchange. After traveling to some of the most tech-savvy cities in the world—Tokyo and London—in search of further knowledge and opportunities, he eventually settled in Toronto, Canada. Se
Net Worth
Changpeng Zhao, or CZ as he is popularly referred to, is one of the world’s leading crypto influencers and a key figure in cryptocurrency transactions. Many people following his career and work are curious to know how much he is worth today. According to Forbes, his wealth is estimated at over $4 billion in 2023- a staggering amount for someone under 40 years old. Binance’s market valuation is $92.5 billion.
It has left other billionaires like Michael Dell and Charles Koch behind. His fortune comes from a range of investments ranging from Bitcoin, Ethereum and Binance Coin but also from a range of early investments in other altcoins like Monero and ZCash. This allows him to amass an impressive net worth which keeps increasing day by day.
Trivia
Born in Jiangsu province of China, CZ moved to Canada at age seventeen and it was here that he discovered his passion for computer programming. From there, he went on to start his own software development company before becoming the founder and CEO of the world-renowned crypto exchange Binance.
His journey has been far from easy but his unparalleled drive and ambition have resulted in him being able to build a massive financial empire and one of the most well-known brands within the cryptocurrency sector.
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