Changpeng Zhao, founder of Binance, is regarded by the media as one of the richest men in the world. As an example, Bloomberg named Zhao the 11th richest person in the world in January this year. Forbes, which received $200 million from Binance itself in an investment round, claimed that CZ was the 20th richest person.
However, when asked about these numbers by The Guardian, Zhao laughed and said he wasn’t that rich. According to the founder of Binance, it is necessary to understand that the assets presented by such sites are “just estimates”.
About being negatively quoted in the media, the businessman pointed out that this is not as bad as it seems, pointing out that the most important thing is to be quoted.
“I don’t have that much,” says Binance founder of billions in wealth
While sites like Bloomberg have pointed out that Binance’s founder had $96 billion in January and just $21 billion today, Changpeng Zhao himself has denied this information.
In an interview with The Guardian, which was published on Saturday (25), the businessman points out that these figures are only estimates.
“I actually have no idea how they arrived at those numbers. You have to understand that the power is only estimates.
An investor of only two cryptocurrencies, Bitcoin (BTC) and Binance Coin (BNB), Zhao continues his statement by stating that his balance is not even close to the amounts mentioned by the media.
“Looking at my wallet, I don’t have much. I don’t have anything that comes close to those numbers.”
Regardless of his origin, Zhao has shown why he attracts media attention. Through his social networks, he noticed that The Guardian does not accept donations in cryptocurrencies, using the cue to promote their services.
“This would be a lot easier if they accepted cryptocurrencies. It’s not easy to transfer $1 in fiat money internationally,” Changpeng Zhao, founder of Binance, points out. “It takes less than 1 day of engineering work (with crypto experience) to integrate with Binance Pay.”
It takes less than 1 day of (crypto-experienced) engineering work to integrate with Binance Pay.
— CZ 🔶 Binance (@cz_binance) June 26, 2022
The media watching Changpeng Zhao, Changpeng Zhao watching the media
In addition to giving several interviews in recent months, Changpeng Zhao also follows the work. For example, the businessman noted this week that a website made a mistake when transcribing one of its lines in a live interview, and it was copied by other websites.
“During my live interview with Yahoo earlier, I said ’50 to 100′. […] That was somehow 5200 by a journalist somewhere… And even CoinMarketCap [comprado pela Binance em 2020] reposted this news.”
Nevertheless, he saved the journalists by stating that the error may have been caused by his poor pronunciation. Finally, these numbers refer to the number of proposals Binance’s founder has received to bail out companies that are on the brink of bankruptcy due to the fall of cryptocurrencies. Therefore, Zhao seems to be taking advantage of the crisis to make even more money.
Source: Live Coins
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.
