š± Binance ex-CEO CZ Reportedly Owns 64% of BNB Supply
Former Binance CEO Changpeng Zhao (CZ) reportedly owns 64% of Binance Coin's (BNB) circulating supply, equating to about 94 million BNB tokens, as revealed by a Forbes report based on forensic analysis by Gray Wolf Analytics. The analysis showed that Binance and CZ together hold 71% of the 147 million BNB in circulation, with CZ's 90% equity stake.
CZ's net worth is estimated to be $61 billion, making him the 24th richest person globally. In 2023, the US Department of Justice indicted Zhao and Binance for sanctions violations and money laundering, leading to Zhao's guilty plea, a $50 million fine, and his resignation as CEO. Zhao was sentenced to four months in prison, with Richard Teng succeeding him as CEO.
