Binance founder Changpeng 'CZ' Zhao has publicly denied a report from the Hurun Rich List that estimated his net worth at 190 billion yuan (approximately $27 billion), ranking him 13th among China's richest individuals in the 2025 list. In a tweet written in Chinese on October 28, 2025, Zhao responded bluntly, stating, 'Nonsense, divide by 100 and that's about right,' implying the figure was drastically inflated and suggesting his actual wealth might be closer to 1.9 billion yuan.
The Hurun Research Institute's report indicated Zhao's wealth had increased by 41% from the previous year, moving him up three spots in the ranking. However, this contrasts sharply with other major wealth indices: the Bloomberg Billionaires Index, as of the same date, estimates Zhao's net worth at $65.4 billion (around 464.3 billion yuan), ranking him 26th globally with a $4 billion year-to-date increase, while Forbes places his fortune at $88 billion. These discrepancies highlight the speculative nature of calculating Zhao's wealth, much of which is tied to cryptocurrency holdings and Binance's valuation.
Zhao did not specify his exact net worth in his tweet, leaving the true scale of his fortune unknown and adding to the mystery surrounding external wealth reports. The incident underscores the challenges in accurately assessing the wealth of high-profile figures in the crypto industry, where assets are often volatile and privately held.
MIM
LTC
BTC
ETH
ZK