Summary
- Forbes said Zhao’s wealth largely comes from his stake in cryptocurrency exchange Binance and his digital-asset holdings.
- Zhao said Forbes’ calculation was wrong, noting that in 2026 digital-asset prices have already fallen more than 50%, yet Forbes shows his net worth increasing.
- Zhao questioned Forbes’ wealth-calculation methodology, urging it to apply common sense and basic logic.
Forecast Trend Report by Period
Changpeng Zhao (CZ), founder of Binance, challenged Forbes’ methodology for compiling its billionaire rankings, saying it does not square with reality.
According to Forbes’ latest billionaire list, Zhao is estimated to hold about $110 billion in assets, placing him 17th among the world’s richest people. Forbes said Zhao’s wealth largely stems from his stake in cryptocurrency exchange Binance and his digital-asset holdings.
In response, Zhao on the 11th shared a chart from the Forbes ranking on X, saying, “I didn’t read the article, but you can tell it’s wrong just from the graph.”
He questioned Forbes’ calculations, saying, “In 2026, digital-asset prices have already fallen more than 50%, so it makes no sense that my net worth increased.” He added, “I hope they apply a bit of common sense and basic logic.”
YM Lee
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