Binance founder Changpeng Zhao’s net worth has tripled to $33 billion since 2023, with a 90% ownership in the company valued at $32.5 billion, according to Forbes.
In November 2023, Zhao and Binance pleaded guilty to anti-money laundering crimes in the United States, resulting in a $50 million fine for Zhao and a $4.3 billion fine for Binance, with Zhao stepping down as CEO.
Coinbase CEO Brian Armstrong ranks second, worth $11.2 billion due to the company’s market position. Forbes’ top three includes Tether CFO Giancarlo Devasini, who has $9.2 billion.
Despite legal problems, Zhao’s wealth grew, demonstrating the cryptocurrency industry’s financial prowess in the face of regulatory uncertainty. Forbes’ list focuses on the resilience and expansion of significant players in this dynamic sector.