Finance
CZ Changpeng Zhao disputes Forbes net worth ranking
Binance founder and former CEO Changpeng Zhao challenged Forbes’ calculation that estimated his net worth at $110 billion and ranked him the world’s 17th-richest person. Zhao questioned how his net worth could have risen by $47 billion in a year even as cryptocurrency prices fell more than 50 percent. Crypto community reactions echoed his view that billionaire rankings are estimates, not facts, highlighting uncertainty in valuing private crypto firms such as Binance.
