Changpeng Zhao
Changpeng Zhao is the founder and the CEO of Binance. He is also commonly known as “CZ” in the cryptocurrency community. Binance is the largest platform to exchange cryptocurrency in the world. He is the 13th richest in the world, and at the beginning of March 2022, his net worth was $77.3 billion. He owns 90 percent of the Binance, and Binance generated over $20 billion in revenue in 2021. In his 2021 interview, he stated that nearly 100 percent of his liquid net worth is in the form of cryptocurrency.
Background and Life Story of Changpeng Zhao
- Changpeng Zhao was born on September 10, 1977, in China and had a Chinese family. He is currently 44 years old.
- At age 12, his family moved to Canada, and Changpeng Zhao helped his family by working in fast-food restaurants.
- He attended college in Quebec, Canada. At McGill University, he majored in computer science. After graduation, he worked in the finance and exchange sector. Furthermore, he started to have an interest in crypto and started working for OKCoin. He contributed to blockchains projects such as Blockchain.Info.
- In 2014, he sold his house for investing the Bitcoin because he believed that cryptocurrencies were the future.
- He left the OKCoin to founding the global crypto exchange Binance.
- After Binance became the largest cryptocurrency exchange, he became one of the wealthiest people in the cryptocurrency world.
Changpeng Zhao and the Launch of Binance
In July 2017, he launched the Binance. Binance got popular quickly because Binance offers security, easy-to-use global data of cryptocurrency, and its own unique coin, Binance Coin (BNB). After its launch, Binance has become the largest cryptocurrency exchange in the world in less than a year.
Charity Works
In his interviews, Changpeng Zhao states that he is planning to give away most of his wealth. In one of his interviews, he gives an example of Rockafeller and his intentions about donating his more than 90 percent wealth to the charity.
