Binance CEO Changpeng “CZ” Zhao has denied Bloomberg data on his wealth, claiming the numbers are wrong and his net worth isn’t even near to the data revealed in Bloomberg’s new rich list.
While Binance does not publish any annual financial disclosure on its revenues and CZ’s stake. CZ is worth $28.2 billion and ranked him 3rd in the top 25 rich list. Meanwhile, Forbes rich list estimates that CZ is worth $10.5 billion.
Binance CEO CZ took to Twitter on April 27 denying Bloomberg’s data on his net worth and FTX rivalry. He said the numbers, including his wealth and the crypto exchange’s annual revenue, are all wrong.
Bloomberg in the New Finance Rich List ranked Binance CEO “CZ” third, followed by Citadel CEO Ken Griffin and trader Jeffrey Yassa among the 25 financial leaders.
CZ’s net worth at $28.2 billion and Binance’s annual revenue at around $12 billion. The list is led by computer-driven trading companies.
Notably, Binance does not publish its financial data and stake Binance CEO “CZ” own in the crypto exchange. The US Commodity Futures Trading Commission (CFTC) sued Binance and its CEO CZ on allegations of helping customers hide their locations to evade trading restrictions, failing to implement effective compliance policies, and violating derivatives regulations.