Amid legal troubles, Changpeng Zhao’s fortune increased by $25 billion by 2023.
Former Binance CEO Changpeng “CZ” Zhao has reportedly added nearly $25 billion in wealth as of December 2022.
According to the Bloomberg Billionaires Index, As of Dec. 25, CZ had a total net worth of $37.2 billion — an increase of $24.6 billion year-over-year. This change places the former Binance CEO as the 35th highest-ranking billionaire, behind Citadel CEO Ken Griffin and Uniqlo CEO Tadashi Yanai.
According to Bloomberg, Tesla CEO Elon Musk took the title of the world's richest man with a fortune of $232 billion. It represents a 25% decrease from the $340 billion in November 2021. billion, a year-over-year increase of $5.77 billion.
Appreciate the support. But he will try to stay off Twitter for a while. https://t.co/ApqEOzXHIa
— CZ BNB (@cz_binance) December 9, 2023
In the year He pleaded guilty to one criminal charge as part of a $4.3 billion plea deal with U.S. authorities in November.
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CZ's lawyers applied to the judge to travel to Dubai, United Arab Emirates before the sentencing hearing – which the court refused. The former Binance CEO remains free to travel on $175 million bond until February.
Although the November settlement ended many of Binances and CZ's legal troubles, both still face a lawsuit filed by the US Securities and Exchange Commission in June. The SEC has several pending enforcement cases against Binance, Kraken, Ripple, Coinbase and other crypto exchanges.
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