CZ Responds to Forbes $110B Estimate: ‘A Bit Illogical’
BeInCrypto
Binance founder CZ questioned Forbes' $110 billion net worth estimate, calling the static valuation illogical given crypto price volatility.Summary
Changpeng Zhao (CZ), the founder of Binance, publicly questioned a Forbes estimate that pegged his net worth at $110 billion, placing him above Bill Gates. CZ argued on X that assigning a static valuation to Binance is "a bit illogical" because the exchange's value is directly tied to volatile crypto trading volumes and prices; when crypto prices fall, so does Binance's revenue and, consequently, its valuation. He also noted that beyond a certain point, wealth does not increase happiness, prioritizing health and impact instead. Binance co-founder and co-CEO Yi He also commented, stating that "a valuation is just a valuation," and when directly asked if CZ was truly that wealthy, she replied simply, "No."
(Source：BeInCrypto)