CZ’s wealth inches closer to Satoshi’s as BNB surges 32%

[bbc.reporter]

It appears no one is sharing this exciting news heheheh. I say this is exciting not because I am a fan of Changpeng Zhao. I say this because I speculate that this might be the beginning of his emergence to become one of the first trillionaires in the world.

This should certainly be very inspiring for small minnows who are dreaming to become one of the rich and wealthy in the cryptospace.



After more than a year of sideways trading, Binance Coin broke an all-time high above $855 on Monday.

Its 32% July rally catapulted BNB back into the crypto top five by market capitalisation, overtaking Solana after weeks of jostling, according to CoinGecko.

The eye-watering rally also sent Binance founder Changpeng “CZ” Zhao’s estimated net worth soaring, though the precise figure is difficult to pin down.

A forensic analysis cited by Forbes and Gray Wolf Analytics in 2024 suggests the 48-year-old crypto mogul controls roughly 64% of BNB’s circulating supply, or about 90 million tokens. That alone puts his net worth near $75 billion at current prices.

Combined with his equity stake in Binance, Zhao’s fortune may exceed $100 billion, placing him on par with tycoons Warren Buffett, Bill Gates, and even the pseudonymous creator of Bitcoin, Satoshi Nakamoto.

Read in full https://www.dlnews.com/articles/people-culture/binance-founder-cz-wealth-close-to-satoshi-bnb-new-highs/

[passwordnow]

Congrats to him, we like this man and he's a real crypto man. Based on what he's said, he don't have any intentions of selling as of the moment.

This should certainly be very inspiring for small minnows who are dreaming to become one of the rich and wealthy in the cryptospace.

This is true, he's started as a Bitcoin holder and even regretted that he didn't sold his apartment earlier than ever. So, with the combination of his wealth from BNB and BTC, CZ is one of the greatest minds in the community and his status now proves that there's wealth in this space.

[DeathAngel]

It’s crazy that CZ’s net worth could or even already possibly does exceed the likes of Buffett & Gates. Crypto has brought in a new era of billionaires, we hope to ride off the back of their success. I have no envy towards people like CZ, his innovation & entrepreneurship is motivating.

[el kaka22]

CZ definitely looks like he is going to be richer than most. In fact there is a chance that that we are going to become a lot richer. I sense that if he keeps making more, he is going to be even richer than most we know.  Because while he may no longer be the CEO, he is still one of the most known people, and he keeps making money from Binance when Binance profits.

This is the most important part. That means, he keeps having more bitcoin and other altcoins whenever they profit. So that is an important aspect, and should get him even richer, like even if bitcoin price stays the same, he gets more of them, plus bitcoin price keeps going higher. And BNB price too of course. So he is going to be wealthier and wealthier.

[bullbandit9]

A forensic analysis cited by Forbes and Gray Wolf Analytics in 2024 suggests the 48-year-old crypto mogul controls roughly 64% of BNB’s circulating supply, or about 90 million tokens. That alone puts his net worth near $75 billion at current prices.

If this is true, then the situation is very bad and he should do something to solve this. This piece of news is not something to celebrate but rather something to condemn. Burning a good bunch would help, airdropping it to farmers does not seem like a good idea as they will just dump it as they always do. Other than that I am not sure how else he could improve this without creating massive selling pressure. Donating or investing it somewhere does the same, it will generate sell pressure.

[TastyChillySauce00]

It’s crazy that CZ’s net worth could or even already possibly does exceed the likes of Buffett & Gates. Crypto has brought in a new era of billionaires, we hope to ride off the back of their success. I have no envy towards people like CZ, his innovation & entrepreneurship is motivating.

And the crazy thing is there are also tons of bitcoin billionaires out there, some even not known because they let their crypto dormant.

This is what I expected from an industry that's praised as being the future of finance though, nothing more nothing less and there are many self made millionaires as well from cryptocurrency.
CZ's massive net worth growth is a thing that happens like once in a century I guess.

[Akbarkoe]

If Binance is a public company, it will certainly be the richest person in the world, maybe it can be in the first line with other conglomerates, we just count in the binance, with the volume of transactions, networks, and also their influence as Exchange No. 1 in the world.

So it is very natural that CZ can side by side with the richest people in the world if you count in the same way, it's just that binance is more like private equity.

[shinratensei_]

If Binance is a public company, it will certainly be the richest person in the world, maybe it can be in the first line with other conglomerates, we just count in the binance, with the volume of transactions, networks, and also their influence as Exchange No. 1 in the world.

So it is very natural that CZ can side by side with the richest people in the world if you count in the same way, it's just that binance is more like private equity.

They aren't public company but the BNB kinda puts the company in the same footing as public company in term of valuation minus the governance.
However i might be wrong and binance can be an even bigger company if it went public with the hype and all. We all know how massive of a success Circle's IPO was in NYSE.

It's still crazy though to think about how fast binance has become this massive. I still remember when CEX scene was still dominated by the like of poloniex, bittrex, etc.

[Pandorak]

This should certainly be very inspiring for small minnows who are dreaming to become one of the rich and wealthy in the cryptospace.

First of all, i personally have great respect for this person. He is not only the pioneer who built Binance from scratch, but also a figure worthy of emulation in the current crypto industry. To be honest, i miss him being in control of Binance again. During his leadership, the crypto world seemed more beautiful.

When it comes to wealth, it’s important to understand that the majority of his wealth is still tied to the value of BNB, and we know that prices are highly volatile, making it very difficult to predict his net worth. However, one thing that may happen is that, over time BNB will continue to grow, which will undoubtedly impact CZ net worth, causing it to increase further.

[robelneo]

Combined with his equity stake in Binance, Zhao’s fortune may exceed $100 billion, placing him on par with tycoons Warren Buffett, Bill Gates, and even the pseudonymous creator of Bitcoin, Satoshi Nakamoto.[/i]

CZ deserves this. During the most challenging times, he was the man who pushed the community to be steadfast. I recall when Bitcoin was declining during the pandemic. He encouraged the community not to sell their Bitcoin, even going so far as to announce that he would never sell his own. He never did, and instead, he accumulated more.
The man has insight and is probably one of the most recognisable guys in the cryptocurrency community; his exchange will keep getting better.

[MArsland]

First of all, i personally have great respect for this person. He is not only the pioneer who built Binance from scratch, but also a figure worthy of emulation in the current crypto industry. To be honest, i miss him being in control of Binance again. During his leadership, the crypto world seemed more beautiful.

When it comes to wealth, it’s important to understand that the majority of his wealth is still tied to the value of BNB, and we know that prices are highly volatile, making it very difficult to predict his net worth. However, one thing that may happen is that, over time BNB will continue to grow, which will undoubtedly impact CZ net worth, causing it to increase further.

It's true that Binance under his control could always be more friendly, but now we don't see that in Binance new CEO. There are many Binance policies that are not liked today. Such as easy entry of shit coins, binance under CZ was cleaner and under the new CEO it is just like a pile of garbage.

CZ was able to join the ranks of the richest people in the world thanks to crypto and this is proof that there are better and faster alternatives to making a lot of money apart from stocks.

[bullbandit9]

CZ deserves this. During the most challenging times, he was the man who pushed the community to be steadfast. I recall when Bitcoin was declining during the pandemic. He encouraged the community not to sell their Bitcoin, even going so far as to announce that he would never sell his own. He never did, and instead, he accumulated more.
The man has insight and is probably one of the most recognisable guys in the cryptocurrency community; his exchange will keep getting better.

Good story, but you can't know whether he sold any Bitcoin or not. You can only either believe him or not, but blind belief goes against the very thing that Bitcoin stands for.

It's true that Binance under his control could always be more friendly, but now we don't see that in Binance new CEO. There are many Binance policies that are not liked today. Such as easy entry of shit coins, binance under CZ was cleaner and under the new CEO it is just like a pile of garbage.

CZ was able to join the ranks of the richest people in the world thanks to crypto and this is proof that there are better and faster alternatives to making a lot of money apart from stocks.

Many shitcoins were listed during CZ's reign so I won't blame that only on the new CEO. Perhaps it has gotten a bit worse since he left, but it does not indicate that it is something radically different from what was going on before. If you don't meet the volume criteria you can get listed if you simply pay enough.

[Abiky]

It appears no one is sharing this exciting news heheheh. I say this is exciting not because I am a fan of Changpeng Zhao. I say this because I speculate that this might be the beginning of his emergence to become one of the first trillionaires in the world.

This should certainly be very inspiring for small minnows who are dreaming to become one of the rich and wealthy in the cryptospace.

After more than a year of sideways trading, Binance Coin broke an all-time high above $855 on Monday.

Its 32% July rally catapulted BNB back into the crypto top five by market capitalisation, overtaking Solana after weeks of jostling, according to CoinGecko.

The eye-watering rally also sent Binance founder Changpeng “CZ” Zhao’s estimated net worth soaring, though the precise figure is difficult to pin down.

A forensic analysis cited by Forbes and Gray Wolf Analytics in 2024 suggests the 48-year-old crypto mogul controls roughly 64% of BNB’s circulating supply, or about 90 million tokens. That alone puts his net worth near $75 billion at current prices.

Combined with his equity stake in Binance, Zhao’s fortune may exceed $100 billion, placing him on par with tycoons Warren Buffett, Bill Gates, and even the pseudonymous creator of Bitcoin, Satoshi Nakamoto.

Read in full https://www.dlnews.com/articles/people-culture/binance-founder-cz-wealth-close-to-satoshi-bnb-new-highs/

Who knows? Maybe CZ is Satoshi himself. It could be literally anyone. I'd say, CZ built quite an empire within just a short amount of time. For those unaware, Binance was founded in 2017. It only took a few years for it to become the biggest crypto exchange in the world. CZ is a wise man, so he will keep most of his fortune in crypto (particularly, Bitcoin).

I envision a new breed (generation) of crypto trillionaires arising in the future. "Dinosaurs" such as Warren Buffet and Bill Gates will become history, as the world's most wealthy people will be crypto-oriented. Even Elon Musk and Donald Trump have jumped on the "train". If CZ surpasses Satoshi's wealth, it would be "epic". Can't wait to see what influence will CZ's wealth have on the crypto market. We'll see what happens in the long run.

[TastyChillySauce00]

Combined with his equity stake in Binance, Zhao’s fortune may exceed $100 billion, placing him on par with tycoons Warren Buffett, Bill Gates, and even the pseudonymous creator of Bitcoin, Satoshi Nakamoto.[/i]

CZ deserves this. During the most challenging times, he was the man who pushed the community to be steadfast. I recall when Bitcoin was declining during the pandemic. He encouraged the community not to sell their Bitcoin, even going so far as to announce that he would never sell his own. He never did, and instead, he accumulated more.
The man has insight and is probably one of the most recognisable guys in the cryptocurrency community; his exchange will keep getting better.

He also initiated emergency fund for cex to insure their customers if at some point got hacked if I remember correctly.
Definitely deserved of the wealth he gained.

It's still crazy though how fast his wealth grow, like he literally become this rich within less than two decade all from cryptocurrency. But I know that his contribution to the crypto market is huge with binance and all.

[nelson4lov]

Crazy to think bnb did an ICO years ago and at some point it was valued less than $0.1. First Binance and later HyperLiquid, I think projects that make the most revenue in the space give the best returns as well as confidence to their users and investors. If Bitcoin goes on to reach $0.5m and bnb reaches $5000, CZ will probably be one pf the richest men in crypto alive.

[Abiky]

Crazy to think bnb did an ICO years ago and at some point it was valued less than $0.1. First Binance and later HyperLiquid, I think projects that make the most revenue in the space give the best returns as well as confidence to their users and investors. If Bitcoin goes on to reach $0.5m and bnb reaches $5000, CZ will probably be one pf the richest men in crypto alive.

BNB became a huge success thanks to CZ's efforts to turn Binance into his own empire. Ever since the exchange launched, CZ's fortunes were on the rise. If this keeps up, CZ will become the richest crypto person in the world. $5k per BNB seems like a huge stretch. But I've learned that nothing's impossible in crypto land. CZ can use its wealth to continue to influence the crypto market into his own direction.

I'd say Binance is already an empire that can't be stopped. It'll take decades before another exchange takes down Binance's position as the largest crypto exchange in the world. BNB already reached a new ATH. Next target would be $1k. Who knows? Maybe $5k will become a reality. We'll see what happens in the long run.

[dumpsterhawk]

Crazy to think bnb did an ICO years ago and at some point it was valued less than $0.1. First Binance and later HyperLiquid, I think projects that make the most revenue in the space give the best returns as well as confidence to their users and investors. If Bitcoin goes on to reach $0.5m and bnb reaches $5000, CZ will probably be one pf the richest men in crypto alive.

BNB became a huge success thanks to CZ's efforts to turn Binance into his own empire. Ever since the exchange launched, CZ's fortunes were on the rise. If this keeps up, CZ will become the richest crypto person in the world. $5k per BNB seems like a huge stretch. But I've learned that nothing's impossible in crypto land. CZ can use its wealth to continue to influence the crypto market into his own direction.

I'd say Binance is already an empire that can't be stopped. It'll take decades before another exchange takes down Binance's position as the largest crypto exchange in the world. BNB already reached a new ATH. Next target would be $1k. Who knows? Maybe $5k will become a reality. We'll see what happens in the long run.

It really depends on how they approach BNB in the future. A lot of the altcoin chains also launch exchanges but they issue more tokens or try to retain profits to themselves. Binance is different in this aspect. They are in a good position. They hold a lot of BNB either personally or as a company. If they invest into it to make the price go up, their wealth effectively also goes up and they are not losing anything. Having more value in BNB also enables them to borrow more capital which enables them to make other investments.

They key to its success comes from this.

Binance is one of the first projects to incorporate the buyback and burn mechanism into its tokenomics. Since 2017, the platform has used a portion of its profits to buy back and burn BNB tokens.

Binance aims to reduce the total BNB supply from an initial 200 million tokens to 100 million, a 50% reduction. This process, conducted at regular intervals, seeks to increase the scarcity and value of BNB tokens.
https://tokenomics-learning.com/en/buyback-and-burn-2/

If you look at the data here https://www.bnbburn.info/, it shows a really good picture. This is how you run a layer 1 chain, deflation and giving back instead of maximum greed as is the situation with most founders. If they reach a supply of 100M then a $5000 price would put it at $500b market cap. It is too much for the short term but is definitely possible down the road, it depends where Bitcoin and Ethereum are too.

[bitgolden]

Honestly, this is definitely thanks to crypto, but also it is thanks to business person doing a good business job. He opened up a company, built a great product and hundreds of millions of people, put up tens of billions of dollars into his pockets all the time. That is why there is really nothing just strictly bitcoin or crypto about it, sure it's a crypto related website, but it's still a business that he built.

As long as you build a great business ,you can get rich and be rich. This is proof that investing into others isn't the solution, investing into building something of your own is the way to make money. Most people just invest into others company or even crypto, but the best is always to invest into yourself and try to make more.

[nelson4lov]

~Snip

BNB became a huge success thanks to CZ's efforts to turn Binance into his own empire. Ever since the exchange launched, CZ's fortunes were on the rise. If this keeps up, CZ will become the richest crypto person in the world. $5k per BNB seems like a huge stretch. But I've learned that nothing's impossible in crypto land. CZ can use its wealth to continue to influence the crypto market into his own direction.

I'd say Binance is already an empire that can't be stopped. It'll take decades before another exchange takes down Binance's position as the largest crypto exchange in the world. BNB already reached a new ATH. Next target would be $1k. Who knows? Maybe $5k will become a reality. We'll see what happens in the long run.

Yes, it's an empire. Binance is a prime example of how to run a successful crypto business. Prior to their launch, we had the likes of bittrex and poloniex (not sure of spelling) as the top exchanges at the time and binance put both and other exchanges like liqui, etc out of Binance. In terms of price, there's already BnB treasury as well as Binance selling some of the stake of their company to some arab/saudi richmen. I believe 1k or possibly 1.5k to 2k is possible for bnb this bull run. There's still time.

[shinratensei_]

Yes, it's an empire. Binance is a prime example of how to run a successful crypto business. Prior to their launch, we had the likes of bittrex and poloniex (not sure of spelling) as the top exchanges at the time and binance put both and other exchanges like liqui, etc out of Binance. In terms of price, there's already BnB treasury as well as Binance selling some of the stake of their company to some arab/saudi richmen. I believe 1k or possibly 1.5k to 2k is possible for bnb this bull run. There's still time.

If CZ can attract better defi to their BSC ecosystem that would be phenomenal, The success of this token is thanks to the many utility it offered from launchpool to gas token.
One thing that I see always lacking from BSC for it to get to the price of 2k is the defi locking billions of money in the ecosystem which ethereum have but nowhere to be seen on the BSC.

Just some mid quality defi in there.