- Binance founder Changpeng Zhao (CZ) disputes Forbes’ billionaire estimate, calling it inaccurate and unimportant.
- CZ emphasizes his focus on helping people over personal wealth rankings.
- BNB recently reached a new all-time high and surpassed XRP in market capitalization.
- The Binance Smart Chain reached over $15 billion in total value locked in decentralized finance projects.
- CZ highlights the importance of platform security and regularly logs out of Binance.com as a precaution.
Changpeng Zhao, former CEO of Binance, publicly challenged his $87.3 billion net worth estimated by Forbes, saying the figure is too high and irrelevant to his true goals. His statement was made as BNB, the native token of the Binance exchange, neared its highest value ever, reflecting growth in both the platform and in overall crypto market sentiment.
In a social media post, CZ stated: “I don’t believe this is accurate (way too high). I also don’t think it matters.” He added: “What matters is how many people we can help, and by how much. Make a world a little bit better than before I arrived.” These comments followed Forbes ranking him as the 21st richest individual worldwide.
BNB recently overtook XRP to become the third-largest cryptocurrency by market capitalization. The Binance Smart Chain, a blockchain platform that supports decentralized finance applications, also surpassed $15 billion in total value locked, a measure of how much crypto is staked in its ecosystem. This data highlights increased confidence in Binance and the wider cryptocurrency market.
CZ explained that he practices strict security by frequently logging out of Binance.com when not making transactions. He commented: “I like to stay logged out on Binance.com when not making a transaction, as a security policy. I go on for months without logging in.”
The founder’s approach signals a shift from focusing on personal fortune to prioritizing the positive impact on the crypto ecosystem. Recent achievements—such as BNB’s all-time high, Binance’s partnerships with governments, and security measures—are positioned as central to Binance’s ongoing growth.
For more details on BNB’s all-time highs, exchange rankings, and Changpeng Zhao’s public statements, see updates from WatcherGuru and Budhil Vyas on X (formerly Twitter).
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