Nairametrics
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Wealth & Lifestyle Billionaire Watch

Crypto billionaire: Binance founder’s wealth drops by $13 billion, now worth $75 billion

Olumide Adesina by Olumide Adesina
January 22, 2022
in Billionaire Watch, Cryptos
BinanceUS to go public in three years – CEO, Changpeng Zhao
Share on FacebookShare on TwitterShare on Linkedin

As investors reduce their crypto exposure in a market in which Changpeng Zhao’s company has great sway, the Binance CEO, the 14th richest billionaire, has seen his net worth decline dramatically.

After his net worth dropped by $13.3 billion, the CZ’s net worth is now $75 billion, according to Bloomberg Billionaires Index

During Thursday’s late session, the Nasdaq 100 Index was corrected, sending cryptocurrencies into a downturn overnight. Nearly $200 billion was lost in the crypto market.

The billionaire still remains one of the world’s most eligible bachelors on earth. Zhao’s net worth of $75 billion can buy 40.5 million troy ounces of gold 853 million barrels of crude oil.

Binance was banned by the government of his home country, China, but CZ, also a Canadian citizen founded and runs the company which is today the biggest crypto exchange.

In spite of recent crackdowns by US and UK authorities, it now generates billions of dollars in revenue every year.

Zhao made his fortune through Binance, a crypto exchange. Zhao estimates that Binance had more than 90 million users at the end of 2021, according to its website.

As of 2021, Binance is expected to generate $19.5 billion in revenue. This figure is based on the company’s average annual spot and derivative trading volumes, as tracked by research sites Coingecko.com and Nomics.com, and the company’s average transaction fees, calculated separately for the spot and derivative volumes as disclosed on Binance’s website.

In regions where ownership is publicly disclosed, Zhao is credited with controlling 90% of Binance.

In addition to Bitcoin, he is investing in Binance Coin. The amount of cryptocurrency held directly by the billionaire is not included since it is unknown how much he holds.

Related

Tags: BinanceChangpeng Zhao

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Eco Bank
Access Bank
Bankers Committee
First bank


Flowmono

Bfpeer
Mega Millions
FCMB
Ikeja Electrics
Zenith CEX
Kwakol Markets




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Nigerian Stocks: List of Dividends announced in 2022
    • NIBSS says e-payments hit N114.8 trillion between January and April 2022
    • Presco depreciates by 10%, loses N20 billion in market value

    Follow us on social media:

    Recent News

    SEPLAT, OANDO post losses, All Share Index down by 0.03%

    Nigerian Stocks: List of Dividends announced in 2022

    May 24, 2022
    PAPSS collaborates with Buna to build payment gateway between Africa and the Arab region

    NIBSS says e-payments hit N114.8 trillion between January and April 2022

    May 24, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Ranking & Reviews
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • General News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com