The co-founder of Binance, Chengpeng Zhao (CZ) is always quick to respond to allegations and reports on him. Recently, some mainstream media reported CZ’s estimated net worth, Zhao disagrees with his alleged net-worth claiming “I don’t have anywhere near as much” in his tweet.
Recently, Bloomberg named Changpeng Zhao among the world’s top three finance billionaires on the Bloomberg Billionaires Index with a net worth of approximately $28.2 billion.
According to the report, CZ’s year to date return (YTD) is observed to be around $9.75 billion along with 77.5% gain.
Zhao appeared unsatisfied with the data as he informed his followers about the incorrect net worth assumption on his Twitter on Thursday, April 27.
According to Zhao, all the figures regarding the net worth are wrong. He stressed the lower number than reported, saying, “Don’t know why they do this.”
CZ mentions ‘4’ at the beginning of the tweet, suggesting a fourth spot in the top five finance billionaires in 2023 or that his net worth is worth $4 Billion.
Currently, Dan Gilbert, founder of Rock Ventures and Co-founder of Rocket Mortgage, is at the fourth position with a net worth of $19.4 billion.
Also, Zhao completely denied the statement about viewing the collapsed crypto exchange-FTX as a rival. Even “we welcome more (well-run) exchanges in the space” he said.
Chengpeng Zhao (CZ) has often claimed that mainstream media sources including Bloomberg and Forbes often gave false or misleading information. Similarly, in late February, Forbes claims left CZ distraught as they alleged that Zhao was involved in a “Backroom manoeuvre.”
Also Read: Binance US Drops $1.3 Billion Deal for Voyager Assets Acquisition
