Forbes CZ Holds 64 of Circulating Supply with 94 Million BNB Making Zhao Changpeng the 24th Richest Person Globally

Despite being imprisoned, Binance founder Zhao Changpeng (CZ) has seen an increase in his wealth. According to Forbes, CZ’s net worth is currently estimated to be around $61 billion, ranking him as the 24th richest person in the world.
After being sentenced to 4 months in prison by Judge Richard Jones for violating US anti-money laundering laws on May 1st, CZ reported to a federal prison in California on June 1st to begin his sentence.
Even though CZ is in prison, this has not stopped him from becoming the richest person in the cryptocurrency field. According to Forbes’ report yesterday, CZ’s net worth has further grown to $61 billion (up from $43 billion at the end of last year), making him the 24th richest person globally, trailing only behind American socialite Julia Koch and her family.
Forbes points out that the significant change in CZ’s net assets mainly comes from his holdings of BNB. The report estimates that the current circulation of BNB is 147.5 million, with Binance owning 71% of the BNB supply. As the founder of Binance, although CZ has resigned as CEO, he still holds 90% of Binance’s equity, meaning CZ is estimated to hold a total of 94 million BNB, accounting for 64% of the current circulation.
Note: However, the 94 million BNB does not mean that CZ can cash out all of it. Firstly, this is Binance’s holdings, and secondly, such a large quantity is not something the market can easily absorb. He has previously stated that Binance will not sell BNB but will continue to burn them.
BNB hits a historic high before falling to $600
Despite facing regulatory challenges in various countries due to compliance issues, Binance has relied on its influence and Launchpool new currency mining activities to continuously drive up the price of BNB. BNB hit a record high on June 6th, surpassing $720.
Although BNB has since fallen to $603, if this bull market is not yet over, CZ’s net worth may continue to rise.