Bloomberg has calculated the fortune of Binance CEO Changpeng Zhao at $96 billion. As a result, the CEO of the trading platform has become the richest man in the world of cryptocurrencies.
The second place is taken by Indian business tycoon Mukesh Ambani ($92.9 billion).
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
Bloomberg representatives have admitted the fortune of the Binance CEO could be even higher, as he owns other crypto assets: the publication's estimate is based on the value of Binance, in which Zhao presumably owns a 90% stake.
Binance generated nearly $20 billion in revenue over the past year, according to Bloomberg. That's roughly five times the projected figure for Coinbase, the largest US cryptocurrency exchange.