Changpeng Zhao Net Worth: Income, Career, Bio

Changpeng Zhao Net Worth:
$75 Billion

Changpeng Zhao famously known as CZ is the Founder and CEO of Binance. Binance is the world’s largest cryptocurrency exchange in terms of daily trading volume. Changpeng Zhao Net Worth is calculated to be $75 billion.

CZ was born in China and migrated to Canada with his family at a very young age. Before founding Binance, CZ worked on blockchain.info and OKCoin. He served as the CTO of OKCoin. CZ has been ranked by various financial firms including Forbes and Bloomberg in their billionaire lists.

Changpeng Zhao Net Worth

The Net Worth of CZ is calculated to be $75 billion as of 2023. Since most of his income depends on the crypto market and assets, his net worth can also be volatile. But however, he is one of the richest people in the world and for sure keeps his position as it is now. In 2014, CZ sold his apartment in China for $1 Million in order to invest in Bitcoin.

CZ’s net worth could go higher than $75 billion or lower considering the value of the exchange assets and his digital assets. He worked in designing future trading platforms before founding Binance. CZ said in one of the interviews that even though he is not a good trader, he is good at building trading systems and algorithms.

CZ Binance

CZ is active on social media as well. He has 5.3 Million followers on Twitter where he regularly posts about various Binance updates and all. His Twitter name is CZ_Binance and he is famously known as that in the internet world. On Instagram, CZ has around 200k followers and he posts about personal and business-related things as well.

Early Life

CZ was born on 1977 September 10th in China. Jiangsu is his homeland and there he spent his childhood. Both of his parents are teachers and they moved to Canada along with Zhao when he was 12 years old.

After moving to Canada, Zhao and his family settled in Vancouver, British Columbia. After migration, in his teenage CZ worked various jobs including servicing at McDonalds to help his family. After completing his schooling, Zhao attended McGill University in Montreal, Quebec. His major was in Computer Science.

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Career

After completing his graduation, CZ moved to Tokyo for an internship at a subcontractor of the Tokyo Stock Exchange. There he worked on building software that matches the trade orders. After that, he worked full-time at Bloomberg Tradebook for around four years.

In the year 2005, CZ moved to Shanghai, China, and founded Fusion Systems. Fusion Systems is a trading platform for brokers. It is known for its capability of high trading frequencies and is known as one of the fastest trading systems for brokers.

In 2013, CZ has worked on various crypto projects. Some of the projects he worked on include Blockchain.info and OKCoin. After working there for a few years, he left OKCoin and founded Binance. Binance was launched in 2017 and raised $15 Million through ICO. Within a short period, Binance gained the position of the largest cryptocurrency in the world by trading volume.

Biography

Conclusion

That’s a wrap to our article about the CEO of Binance. He is famous under many names as Changpeng Zhao, CZ Binance, and Binance CEO. Hope we have covered all the relevant topics and you all liked our work.

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