Cryptocurrencies

    Changpeng Zhao had an increase of $24.6 billion to his wealth in 2023 despite facing legal issues

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    The former CEO of Binance, Changpeng "CZ" Zhao, reportedly added approximately $25 billion to his net worth since December 2022.

    According to the Bloomberg Billionaires Index, his total net worth as of 25th December 2022 was $37.2 billion.

    This is a year-to-date increase of $24.6 billion and places Zhao as the 35th wealthiest person in the world.

    He ranks ahead of Citadel CEO Ken Griffin and behind Uniqlo CEO Tadashi Yanai.

    In another news, Elon Musk remained the world's wealthiest man according to Bloomberg, despite his net worth falling 25% from an estimated $340 billion in November 2021 to $232 billion.

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