Binance CEO Has Nearly 100% Net Worth Invested in Crypto

Changpeng Zhao has revealed that nearly all of his net worth is invested in cryptocurrency. His net worth is reportedly $1.9 billion as of February 2021.

The 44-year-old CEO of Binance, the largest crypto exchange in the world, stated in a recent interview that he does not own any fiat holdings. And that his cryptocurrency investments will not be used to buy fiat holdings or for converting to cash in the future.

Also, as per a tweet back in February, CZ said that he would only convert his cryptocurrency to fiat holdings when absolutely necessary.

I use Binance Card for everything that accepts a credit card. There are some payments that only accept fiat. I convert just enough to pay, and pay. I don’t hold fiat for an extended period of time.

Furthermore, he said he values liquidity above all else. It is for this reason that the businessman chooses not to own a car or a house. He said he preferred renting an apartment or getting a hotel instead due to the higher liquidity. In the interview, Zhao revealed that it is still feasible to realize his plan to make Binance a decentralized autonomous organization (DAO).

It would be fair to say that Zhao has come a long way from where he started. He took a long time to build his crypto portfolio, at a time when he admits his net worth was in his Shanghai apartment. He later sold this apartment to buy Bitcoin.

Zhao was listed as one of the billionaires on the Forbes billionaires list. Others listed with him include Coinbase’s Brian Armstrong, FTX founder Sam Bankman-Fried, Ripple Labs co-founder Chris Larsen, and the Gemini exchange founders Cameron and Tyler Winklevoss.

Plans for Binance This Year
The CEO stated that pushing the Binance Card will be a priority. A means by which merchants and traders can accept cryptocurrency transactions. And also a means for direct peer-to-peer transactions to take place.

Furthermore, the French Binance Team has already begun getting on the NFTs train. Back in March, they minted NFTs on the Binance Smart Chain to award users for engagement. It’s an initiative that Binance intends to go global, with the Spain team following France’s example.


RSS Latest Press Release

  • Confort Prestige | Climatisation & Chauffage Announces HVAC Services For Improved Energy Efficiency
    TERREBONNE, QUEBEC- NOVEMBER 14, 2021- Premier heating and cooling company Confort Prestige is excited to share HVAC solutions with domestic customers in the Terrebonne area. These services aim to save customers money on their heating and cooling expenses throughout the year.   Since its debut, Confort Prestige has been committed to customer service. This starts […]
  • Hundreds of Car and Truck Parts Available from Salvage Specialist
    Morganville, NJ – When it comes to finding an auto part for a foreign or domestic vehicle, Trilenium Auto Salvage usually has the answer.   The Morganville, NJ salvage specialist has hundreds, if not thousands, of parts and components at its Tennent Rd premises available.   Trilenium Auto Salvage is one of the busiest salvage specialists […]
  • Flowsent Weed Delivery Offers the Fastest Weed Delivery Service in the Bay Area
    Bay Area, CA - As it becomes easier to get cannabis in different stores and online, weed delivery in Oakland, San Francisco, and other Bay Area cities are becoming more common. People are looking for the easiest way to get their hands on high-quality, safe cannabis, and nothing beats direct to your door.    Many […]
  • Cannamazoo Now Offering the Top Cannabis Concentrates in Michigan
    What are Cannabis Concentrates, Oils, and Extracts?   Kalamazoo, MI - You may be familiar with recreational cannabis in its usual form, but have you ever tried extracts, oils, and concentrates? Each of these forms offers unique effects and benefits that smoking cannabis flowers can't provide. Simple dosing, cleaner effects, and better taste are just […]