Changpeng Zhao is a billionaire founder of Binance. He has a net worth of $62.9 billion. This is the largest cryptocurrency exchange in the world. Changpeng Zhao is a Chinese-Canadian who started his career by developing trading systems for Wall Street companies.
Changpeng Zhao established Binance in 2017 and he owns 90 percent stake in Binance. He stepped down as Binance’s Chief Chief Executive Officer in November 2023.
Changpeng Zhao was sued for failing to maintain an efficient anti-money laundering program. The courts asked him to pay $50 million as fine and he was sent to prison where he stayed for four months.
Changpeng Zhao is a self-made billionaire who made his wealth from establishing a cryptocurrency exchange. He lives in Dubai, United Arab Emirates.
Changpeng Zhao was born in Jiangsu, China to a father who was a professor. He lived in Vancouver Canada as a teenager. He worked at McDonalds and also at a gas station to help cover living expenses.
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