Changpeng “CZ” Zhao, CEO of major cryptocurrency exchange Binance, claims to have a net worth that is much lower than some mainstream media outlets have reported.
The Binance CEO told his followers on Twitter on April 27 that Bloomberg's latest financial rich list had some inaccurate information about his wealth.
CZ is among the top three billionaires in global finance, with an estimated net worth of $28.2 billion, according to Bloomberg's Rich List. "Numbers are all wrong. I don't have that much. Not sure why they do that," CZ wrote . His tweets also start with a "4," apparently implying his fortune should be somewhere between Dan Gilbert's $19.4 billion and Udaykotak's $13 billion.
The Binance CEO also mentioned that he never saw the defunct FTX cryptocurrency exchange as a competitor. "We welcome more - well-functioning - exchanges in this area," CZ added. CZ's latest move to highlight inaccurate reporting is in line with the CEO's critical stance on the way the industry is represented in mainstream media articles. The executive has repeatedly denied information from major mainstream sources like Bloomberg and Forbes, often describing their reporting as FUD, or Fear, Uncertainty, and Doubt.
In Late February, The Binance Ceo Responded to a Forbes Article saying that binance had confined a "behind the site means" infallning $ 1.8 Billion in transactions in 2022. CZ Argy that forbes "Has No Idea How The Exchange Works." Previously, The CEO denied a Bloomberg report that said Binance was considering cutting ties with its US business partners.
