Changpeng Zhao tops list of crypto billionaires despite legal woes
Former Binance CEO Changpeng Zhao might face prison after admitting to criminal charges in the U.S., but his fortune remarkably increased to over $37 billion. The bounce-back of Bitcoin, which surged over 160% after a tough 2022, played a significant role in driving his net worth. Zhao now leads the pack among cryptocurrency entrepreneurs who have seen their fortunes swell this year. According to the Bloomberg Billionaires Index, this list includes notable names like Coinbase CEO Brian Armstrong and Tyler and Cameron Winklevoss. The ex-Binance CEO ranks 35th on the list, just less than a billion shy of Tadashi Yanai, the CEO of retail giant Uniqlo. You might also like: Mt. Gox creditors finally getting paid after 10 years Zhao’s wealth mainly comes from his major stake in Binance. Despite a slight dip in its market share following the U.S. Department of Justice settlement, Binance benefited from higher trading volumes as the crypto market rebounded. Zhao could face...