The net worth of Binance founder Changpeng Zhao was about $96 billion in January this year, ranking first in the crypto industry. However, the cryptocurrency market has fallen sharply recently. According to the Bloomberg Billionaires Index, CZ’s net worth has evaporated by nearly 90%, and it is currently reduced to 11.5 billion US dollars. (Recap:Binance founder CZ is promoted to the world’s richest Chinese! $90 billion worth 33% more than China’s richest man) (background supplement:LUNA fell another 99% in a single day!The price is “less than 1/10,000 US dollar”; the circulation exceeds 6.35 trillion, and the three-day inflation reaches 8,903 times)
Since the past week, the cryptocurrency market has staged a bloody massacre. Bitcoin has tumbled more than 25% since its high of $35,000, and the lowest is close to $25,000. Ethereum also lost nearly 30% of blood. Other competing currencies have fallen even more severely, with dozens of cryptocurrencies falling by more than 90%, not to mention that the price of LUNA, which was once worth tens of billions of dollars in market value, is now close to zero.
Further reading:LUNA fell another 99% in a single day!The price is “less than 1/10,000 US dollar”; the circulation exceeds 6.35 trillion, and the three-day inflation reaches 8,903 times
Bloomberg Index: Changpeng Zhao’s worth has shrunk by nearly 90%
The sharp depreciation of the cryptocurrency market has also greatly reduced the value of the bigwigs in the crypto industry.
According to the Bloomberg Billionaires Index, the personal wealth of Changpeng Zhao (CZ), the founder of the world’s largest exchange Binance, has fallen by $84.5 billion since the beginning of this year, evaporating nearly 90%, and his total assets have shrunk to $11.5 billion. (about $96 billion in January).
Also according to the Bloomberg index, another billionaire, the founder of the exchange Coinbase, Brian Armstrong (Brian Armstrong), has shrunk significantly. His personal wealth in November last year was about 13.7 billion US dollars. As of now, his Wealth has evaporated by about 83% to $2.4 billion.
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