Former Binance CEO ‘CZ’ owns 64% of BNB circulating supply — Report
Forbes estimates Zhao’s net worth at a staggering $61 billion—ranking the former CEO as the world’s 24th richest person.
Former Binance CEO Changpeng Zhao (CZ) reportedly owns 64% of Binance Coin’s (BNB) circulating supply, or roughly 94 million BNB tokens, a Forbes report revealed.
According to a forensic analysis conducted by Gray Wolf Analytics and the financial outlet, 80 million BNB tokens were allocated to the Binance founding team, and the company still controls 46 million of those original tokens.
The report also noted that Binance and CZ jointly hold 71% of the 147 million BNB in circulation. Zhao’s 90% equity stake in Binance and the value of his crypto holdings have catapulted him to become the 24th richest individual on the planet, with an estimated $61 billion net worth.
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Author: Vince Quill
