2022 is a year full of disasters and disasters for the currency circle. It experienced the baptism of the bear market and a series of bankruptcies. In this short year, the overall cryptocurrency market value has evaporated by 2 trillion US dollars. At the same time, according to “Forbes” estimates, since March this year, the wealth of 17 rich people in the currency circle has shrunk, with a total loss of 116 billion U.S. dollars, of which Binance (Binance) CEO Changpeng Zhao (CZ) lost the most .
According to “Forbes” “estimation”, Zhao Changpeng owns about 70% of the shares of Binance. Based on this calculation, Zhao Changpeng’s net assets are 4.5 billion US dollars, which is far lower than the 65 billion US dollars in March, and his net worth has shrunk by 93.07%
2022 is a year full of disasters and disasters for the currency circle. It experienced the baptism of the bear market and a series of bankruptcies. In this short year, the overall cryptocurrency market value has evaporated by 2 trillion US dollars. At the same time, according to “Forbes” estimates, since March this year, the wealth of 17 rich people in the currency circle has shrunk, with a total loss of 116 billion U.S. dollars, of which Binance (Binance) CEO Changpeng Zhao (CZ) lost the most .
According to “Forbes” “estimation”, Zhao Changpeng owns about 70% of the shares of Binance. Based on this calculation, Zhao Changpeng’s net assets are 4.5 billion US dollars, which is far lower than the 65 billion US dollars in March, and his net worth has shrunk by 93.07%.
Immediately afterwards, FTX founder Sam Bankman-Fried (SBF), whose net worth of $24 billion was wiped out overnight, and Coinbase CEO Brian Armstrong lost more than $4 billion in assets.
In response, Changpeng Zhao issued an article saying that he believes that Forbes overestimated the value of encrypted assets in March and ignored the losses, not to mention that they still overestimated the current net worth.
Changpeng Zhao emphasized that “Forbes”‘s “list of rich people in the currency circle who have shrunk their net worth” is entirely based on “estimates” or “opinions”, and may not be objective and fair. He also pointed out that
You wouldn’t be a cryptocurrency insider if you didn’t suffer huge losses.
In addition, there are also opinions that Changpeng Zhao did many meaningful things and gained a lot of benefits during this period. For example, Binance Charity has more than 2 million beneficiaries, 5618 donations, and raised 2910 bitcoins. Changpeng Zhao agreed, saying, “These (doing good deeds) are far more important than wealth rankings.”
