The world of cryptocurrencies is growing by leaps and bounds. Each day, new cryptocurrencies are launched, giving people new ways to invest, trade, and earn money. This story of the world’s biggest crypto fortune starts with one simple poker game – and it’s an inspiring tale for crypto enthusiasts everywhere. Read on to find out how this aspiring entrepreneur made $96 billion! And get inspired! Read on to learn how you can make your own cryptocurrency fortune!
Changpeng Zhao
The Binance CEO is one of the richest men in crypto and the owner of a company that has amassed six million users in a short time. Binance has over a thousand employees worldwide, including those in Australia, and is reportedly planning to give away most of his fortune. While he hasn’t been photographed wearing flashy jewelry or fancy clothes, Zhao has been quoted in Forbes as saying that he’ll give away the majority of his fortune in a few years.
Initially, Zhao’s journey in crypto began in 2013 with a friendly poker game he played with former BTC China CEO Bobby Lee. Zhao was encouraged to invest 10% of his net worth in bitcoin by Lee, so he sold his Shanghai apartment to acquire the digital currency. In 2017, Zhao founded the crypto exchange Binance, focusing on trading high volumes at low fees and earning cash in the process.
Binance
If you’re a fan of bitcoin and cryptocurrencies, you’ve probably played the World biggest crypto fortune poker game on Binance. In it, you play against other players, and when you win, you cash out! If you don’t win, you can play again until you lose all of your money, but you can’t cash out until you have accumulated at least $5 million. This is an extremely high bar, but one that’s easily met by professional traders and investors alike.
The billionaire who started Binance, Changpeng Zhao, was a computer programmer. He eventually became a prominent crypto entrepreneur. While playing poker, Zhao met two people who encouraged him to invest 10 percent of his net worth in Bitcoin. Changpeng decided to make that investment, and soon enough, Binance was worth over $96 billion! Eventually, Zhao and his team made a lot of money, and Binance is now a top destination for cryptocurrency traders, as well as coin developers.
Changpeng Zhao’s $96 billion fortune
Binance CEO Changpeng Zhao, also known as CZ, has a net worth of $96 billion. This wealth far surpasses that of the next richest man in the world, Mukesh Ambani, who is currently ranked eleventh on the Bloomberg Billionaires Index. While he’s not the first billionaire to earn such a huge sum, Zhao is likely closer to the billionaires than any other crypto industry leader.
The amount Zhao has invested is significant compared to the billions made by Facebook and Google founders. The amount isn’t nearly as high as that of the mysterious Bitcoin creator, Satoshi Nakamoto, but it’s still a significant number. Zhao’s fortune doesn’t include his personal holdings of Bitcoin, which are currently worth about $45.8 billion, according to Bloomberg. In fact, his holdings of Binance Coin, a digital currency backed by Bitcoin, grew 1,300% last year. As a result, Zhao is likely to rival Ambani and the founders of Google and Facebook.
Zhao’s path to crypto riches
Despite his modest net worth, Zhao has been making waves in the crypto industry. His story of rising to the top is nothing short of remarkable. Born and raised in Canada, Zhao studied computer science at McGill University and later worked as a software engineer at Bloomberg and the Tokyo Stock Exchange. He learned about bitcoin in 2013 during a friendly poker game and decided to take it seriously. He sold his apartment and plunged into the crypto world. Today, Zhao is one of the richest men in the world.
Like many crypto millionaires, Zhao had a humble beginning. He began learning crypto in 2013 and launched his first project just a few years later. Unlike most people, Zhao did not grow up with a silver spoon in his mouth. He had to work multi-shifts and study hard for years to support his family. The financial pressure was great, but Zhao remained dedicated and persevered. He changed his fortune and the future of his family.
Zhao’s poker game
Several years ago, Binance CEO Changpeng Zhao decided to buy bitcoin and turn it into a digital currency. His gamble paid off, as Zhao’s cryptocurrency investment was valued at nearly $100 million. Today, he is valued at $96 billion. During his poker game, Zhao learned about cryptocurrency and decided to invest 10% of his net worth. After losing his home in Shanghai to buy Bitcoin, Zhao decided to devote himself to the crypto world, eventually founding the exchange company Binance.
Despite the recent rise in cryptocurrency prices, Zhao has been seen often in the United Arab Emirates. Last December, he was spotted mixing with royalty at the Abu Dhabi Grand Prix. He also bought a house in Dubai and hosts lavish dinner parties on the island of Palm Jumeirah. Despite his alleged lack of experience with the cryptocurrency world, Zhao has since been a frequent visitor to the emirate.