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Home » World » Binance’s CEO Changpeng Zhao Surpasses Mukesh Ambani, Becomes Asia’s Richest Billionaire

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Binance’s CEO Changpeng Zhao Surpasses Mukesh Ambani, Becomes Asia’s Richest Billionaire

Climbing to the list Zhao surpassed Reliance’s Mukesh Ambani, who has also recently climbed up on the billionaire list. Zhao’s fortune now stands just below Oracle founder Larry Ellison.

Picture Credit: Twitter handle of Changpeng Zhao & Mukesh Ambani

New Delhi: Changpeng Zhao, CEO of famous cryptocurrency exchange Binance becomes world’s richest Asian. He has recently joined the list of world’s top billionaires, with an estimated net worth of at least $96 billion according to the new calculation done by Bloomberg Billionaire Index (BBI).

Climbing to the list Zhao surpassed Reliance’s Mukesh Ambani, who has also recently climbed up on the billionaire list. Zhao’s fortune now stands just below Oracle founder Larry Ellison. Changpeng Zhao also known as CZ is an Chinese-Canadian business executive.

Zhao launched Binance the cryptocurrency exchange in 2017 July, in its initial coin offering Binance raised $15 million. In around less than a year’s time Changpeng Zhao grew Binance as the world’s largest cryptocurrency exchange by trading volume.

All thanks to the growing cryptocurrency market all around the world and his visionary step towards the business model of crypto. Lately many other crypto founders have also enjoyed gains and rapid creation of wealth as value of these virtual coins rallied up.

Zhao with his family shifted to Vancouver at the age of 12 from China. He belonged to a migrant family of China where his both parents were teachers.

He worked a multiple jobs to support his family finances he also once worked at McDonalds. He later attended Montreal’s McGrill University, where he majored in Computer Science.

After completing his major in Computer Science he also worked at Bloomberg and Tokyo Stock Exchange. He learned about bitcoins in a game of poker later to that he spent his whole life working on cryptocurrency.

In the beginning like all other exchanges Binance also faced regulatory hurdles from United Kingdome and some restrictions in Canada too.

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