Introduction
Changpeng Zhao, the CEO of Binance, has denied rumors of his $28 billion wealth. In a tweet, he stated that he doesn’t have anywhere near as much as people are speculating.
The Rumors
The rumors of Zhao’s wealth started after Hurun Global Rich List 2021 was released, which listed him as the wealthiest person in the cryptocurrency industry with a net worth of $28 billion. However, Zhao has denied these rumors, stating that he doesn’t have that much money.
The Tweet
In a tweet, Zhao stated, “Don’t believe everything you read. I don’t have anywhere near as much as people are speculating.” He also added that he is not a billionaire and that his wealth is tied up in his company, Binance.
Binance’s Success
Binance has been incredibly successful since its launch in 2017, becoming the world’s largest cryptocurrency exchange by trading volume. The company has also expanded into other areas, such as Binance Smart Chain and Binance Coin.
Zhao’s Philanthropy
Despite the rumors of his wealth, Zhao has been known for his philanthropic efforts. In 2020, he donated $2.4 million to help fight the COVID-19 pandemic. He has also been involved in other charitable initiatives, such as the Binance Charity Foundation.
Related:Binance Integrates ChatGPT into the Web3 Academy
Conclusion
Changpeng Zhao, the CEO of Binance, has denied rumors of his $28 billion wealth, stating that he doesn’t have anywhere near as much as people are speculating. Despite the rumors, Zhao has been known for his philanthropic efforts and the success of his company, Binance.
