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A chief executive of a cryptocurrency has become one of the richest people on planet Earth.
According to CNN, Changpeng “CZ” Zhao, who runs the cryptocurrency exchange Binance, has joined the ranks of the best billionaires in the world, with a net worth estimated at at least $ 96 billion, according to new calculations from the Billionaires Index of Bloomberg published on Monday.
Zhao’s projected fortune now rivals that of Oracle’s (ORCL) founder Larry Ellison and surpasses that of Mukesh Ambani, India’s richest man, whose fortune has also grown over the past two years.
The rise of the Sino-Canadian entrepreneur in this rank is emblematic of the rapid creation of wealth around the world with the rapid movement of digital currencies.
Last year, other crypto founders also made huge profits as the value of virtual currencies soared, until ethereum creator Vitalik Buterin and Coinbase founder Brain Armstrong both became billionaires.g, 1) xfgy
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