CEO Changpeng Zhao Has ‘Close to 100%’ of Net Worth in Crypto
Binance founder and CEO Changpeng Zhao has nearly 100% of his net worth in crypto
CEO of biggest crypto exchange has ‘close to 100%’ of net worth in crypto
“’I’m one of those guys who value liquidity much more than owning something. I actually prefer not to own anything,’ Zhao said in a Bloomberg interview on Wednesday.
He noted that various cryptocurrencies like Bitcoin (BTC) now make up nearly 100% of his entire net worth as he does not own any real estate or much fiat holdings. When asked how much of his net worth is invested in crypto, Zhao said:
‘I would say probably close to 100%. I don’t own any fiat. The physical stuff that I own is probably negligible in terms of my net worth. So, this is a concept shift. I’m not using crypto to buy fiat; I’m not using crypto to buy houses. I just want to keep crypto. And I don’t plan to convert my crypto into cash in the future.’”