According to the Hurun global rich list for 2020, the CEO of Binance, Changpeng Zhao’s net worth is estimated to be around $2.8 billion, which is double from what it was in 2019. Changpeng Zhao has become the wealthiest person in the crypto industry, according to the Huran global list.
Binance reported record profits in 2019.
Binance is among the leading crypto exchanges in the world. It has been spreading its branches all over the world as it continues to collaborate and acquire local exchanges. One of the acquisitions it made was of India crypto exchange WazirX. Binance has reported massive profits over the last few years, especially in 2019.
Bitmain’s co-founder Zhan Ketuan is second in the list.
The co-founder of Bitmain is the second wealthiest person in the crypto industry, with the net worth of $1.6 billion, according to the Hurun global rich list for 2020. Zhan Ketuan, along with Wu Jihan, founded Bitmain, the largest computer chip for crypto mining. Late last year, Zhan Ketuan was abruptly removed from the company without any warning.
Zhan has taken legal action against Bitmain’s other co-founder Wu Jihan and has vowed to come back to his previous role in the company. Coinbase’s Brian Armstrong and Ripple’s Chris Larsen were also among the top six.