The price of BNB, the native token of the Binance exchange, has reached a new all-time high, significantly increasing the wealth of its founder, Changpeng Zhao.
BNB Price Dynamics
Today, the price of BNB hit a record high of $827 on the Binance exchange, rising approximately 20% over the last two weeks.
Changpeng Zhao's Wealth
According to the Bloomberg Billionaire Index, Changpeng Zhao's net worth currently stands at around $60 billion, making him the 27th richest person in the world. This figure does not include his personal BNB holdings and is based on his 90% stake in Binance.
Speculations on Zhao's Wealth
If the estimates are accurate, Zhao's total net worth could be around $110 billion, including his Binance stake and BNB assets. His personal BNB holdings alone may be valued at approximately $78 billion. However, the exact value remains speculative, as the liquidity of BNB tokens is relatively low.
The rising price of BNB and the increase in Changpeng Zhao's wealth highlight the significance of cryptocurrencies in the financial market, although factors affecting asset liquidity and valuation should also be considered.
