🌎 Changpeng Zhao Ranks 24th Richest Globally with BNB Token Holdings

According to recent reports, former Binance CEO Changpeng Zhao ranks as the 24th richest person globally, largely due to his ownership of the BNB token. Zhao reportedly controls 64% of Binance’s BNB token circulating supply. With current market values, the 94 million coins he holds are worth over $56 billion.

Additionally, it’s noted that Zhao owns approximately 90% of the Binance exchange. Despite some concerning headlines and Zhao stepping down from his leadership role, BNB has seen a significant surge this year.

Binance Coin (BNB) has experienced a 141% price increase over the past 14 months, according to recent data. The cryptocurrency achieved a new all-time high earlier this month, reaching $717. Since its launch as an initial coin offering in 2017, BNB has returned an astonishing 1,497,749%, serving as a cornerstone for Binance’s debut in the same year.

In comparison, the S&P500 has posted 3,540% in gains throughout its existence as an investment index. Reports suggest that BNB could potentially retest its ATH soon and maintain its bullish momentum.