Read the complete write-up of Changpeng Zhao net worth, age, wife, children, height, family, parents, business as well as other information you need to know.
Introduction
Changpeng Zhao commonly known as “CZ”, is a Chinese-Canadian business executive. Zhao is the founder and CEO of Binance, the world’s largest cryptocurrency exchange by trading volume as of April 2018. CZ was born in Jiangsu, China and moved to Canada at a young age with his family.
Zhao was previously a member of the team that developed Blockchain.info and also served as chief technology officer of OKCoin. According to Bloomberg Billionaires Index, Zhao is ranked 13th richest in the world.
Early life
| Name | Changpeng Zhao |
| Net Worth | $77.3 billion |
| Occupation | Business executive |
| Height | 1.73m |
| Age | 44 years |
Changpeng Zhao was born on September 10, 1977 (age 44 years) in Jiangsu, China. In the late 1980s, he moved with his parents to Canada when he was 12 years of age, settling in Vancouver, British Columbia. His parents were both teachers in China.
Zhao’s father worked as a university instructor before he was branded a “pro-bourgeois intellect” and exiled to rural areas shortly after Zhao’s birth. In his teenage years, Zhao helped to support his family by working a number of service jobs, including at a McDonald’s.
He attended McGill University in Montreal, Quebec, Canada where he majored in computer science.
Career
Changpeng Zhao received an internship in Tokyo working for a subcontractor of the Tokyo Stock Exchange, developing software for matching trade orders after graduating from university. He then worked full-time for four years at Bloomberg Tradebook where he was a developer of futures trading software.
Zhao moved to Shanghai in 2005 where he founded Fusion Systems, a trading system for brokers known for “some of the fastest high-frequency trading systems for brokers.”
Check Out: Joe Biden net worth
Beginning in 2013, Changpeng Zhao worked for various cryptocurrency projects including Blockchain.info and also served briefly as the chief technology officer of OKCoin. In 2014, he sold his Shanghai apartment for about $1 million to use this money on Bitcoin.
Starting September 2015, Zhao created an exchange development company, BijieTech, which provided cloud-based trading technology to a number of Asian exchanges.
Changpeng Zhao established Binance in July 2017, he left BijieTech and populated the senior ranks of Binance with senior developers and engineers from BijieTech. He also briefly served as the CTO of OKCoin before BijieTech, which allowed him to gain experience in senior technical roles.
After launching the cryptocurrency exchange in July 2017, Binance was able to raise $15 million in an initial coin offering and the exchange started trading eleven days later. In less than eight months, Zhao grew Binance into the world’s largest cryptocurrency exchange by trading volume, as of April 2018.
Zhao also launched the blockchain network Binance Smart Chain which has made a significant contribution to the development of the decentralized finance industry.
In February 2018, Forbes Magazine placed him third on their list of “The Richest People In Cryptocurrency” at an estimated $1.1-2 billion.
cryptocurrency Views
Changpeng Zhao came under public scrutiny when he said “poor people try to say bad things about Binance” in a now-deleted tweet, on August 26, 2021.
In an interview with the New York times, Zhao said people are getting into crypto as they see it grow, “trade it and make money off it as opposed to using it”, but that the market will always self-correct.
On April 6, 2021, Zhao told Bloomberg Markets that nearly 100% of his liquid net worth was in the form of cryptocurrency.
Check Out: Bill Gates net worth
In an interview published on November 16, 2021, Zhao said he plans to donate up to 99% of his wealth, with the intention to follow the feat of other magnates. “I intend to donate most of my wealth, as many other entrepreneurs or founders have done. From Rockefeller to today. I intend to donate 90%, 95%, or 99% of my wealth.”
During the 2022 Russian invasion of Ukraine, Zhao rejected political pressure to ban Russian users from Binance after speculation that Russian oligarchs may be using cryptocurrency to evade international sanctions. Zhao cited “financial freedom” as the reason for his decision.
Wife
Changpeng Zhao is currently married. His wife’s name is unknown to the general people as he keeps his personal life from the public. According to a close friend, his wife is a private person and does not want to face pressure and tension as received by her husband.
Changpeng Zhao net worth
How much is Changpeng Zhao worth? Changpeng Zhao net worth is estimated at around $77.3 billion. His main source of income is from his career as a business executive. Zhao successful career has earned him some luxurious lifestyles and some fancy cars trips. He is one of the richest and influential business executives in the world.