🔸New Record for Binance Coin: CZ’s Net Worth Reaches $75 Billion
Changpeng “CZ” Zhao, one of the co-founders of Binance, has reached a net worth of at least $75 billion after the price of BNB token hit a new all-time high above $850. His reported BNB holdings are valued at $75.8 billion, as he controls 64% of the circulating BNB supply, approximately 89.1 million tokens. CZ has stated that 98% of his portfolio is held in BNB. According to Forbes, he is ranked as the 23rd wealthiest billionaire with a net worth of $71 billion, based on his stake in Binance and BNB. His wealth surpasses that of Julia Koch, who holds 42% of Koch Industries.
Binance Coin (BNB) has surged 12% over the past week, driven by rising on-chain metrics such as Total Value Locked (TVL) and PancakeSwap trading volume, both reaching new highs. Whale wallets have been accumulating BNB, and demand from companies like Nano Labs is increasing. To sustain this growth, it is crucial that strong demand continues, along with a steady rise in TVL and PancakeSwap volume, reduced token supply, and the absence of negative macroeconomic news. The recent Maxwell upgrade to the BNB Smart Chain has also raised hopes for a potential price rally due to improved network performance.
