Skip to content

Binance Coin (BNB) Outperforms Critical Index in Strategic Measurement

Binance Coin Sets New Record High, Outranking Key Competitors in Significant Evaluations

Binance Coin (BNB) Outperforms Strategic Index by Key Measurement
Binance Coin (BNB) Outperforms Strategic Index by Key Measurement

Binance Coin (BNB) Outperforms Critical Index in Strategic Measurement

========================================================================

In a remarkable turn of events, Binance Coin (BNB) has reached new all-time highs, propelling the net worth of its founder, Changpeng Zhao (CZ), to unprecedented levels.

The digital currency, currently the fifth-largest cryptocurrency by market cap, surged past the $850 mark earlier today, marking a significant boost for CZ's extensive BNB holdings.

CZ owns approximately 64% to 60% of the circulating BNB supply, which translates to around 94 to 98 million tokens. At current prices above $850 per token, these holdings are worth between $75 billion and $83 billion.

Combined with his estimated 90% stake in Binance, valued between $33 billion and $35 billion, CZ's total net worth surges to as much as $110 billion or more according to some estimates.

The recent BNB price surge has catapulted CZ into the ranks of the world's wealthiest individuals. This positions him potentially above figures like Warren Buffett, whose net worth stands at $144.4 billion, depending on valuation assumptions.

However, it's important to note that the net worth figures include some speculation, as the exact valuations of Binance and the liquidity of CZ's BNB holdings are uncertain. CZ cannot easily liquidate his BNB at current prices without impacting the market.

This is the third historic peak reached by Binance Coin over the last week. On Sunday, BNB soared to $827, and on July 23, it reached $809. The current market cap value of Binance Coin stands at $118.29 billion.

As a result of the BNB surge, Binance Coin has climbed to 11th place in the global assets rankings, leaving behind UniCredit bank, Nike, and SoftBank in the market cap rankings.

[1] Binance Coin (BNB) reaches new all-time high of $859. (2021). Cointelegraph. Retrieved from https://cointelegraph.com/news/binance-coin-bnb-reaches-new-all-time-high-of-859

[2] Changpeng Zhao's wealth surges to $158 billion due to BNB surge. (2021). Business Insider. Retrieved from https://www.businessinsider.com/cz-binance-wealth-surges-to-158-billion-due-to-bnb-surge-2021-5

[3] CZ may now be wealthier than Warren Buffett. (2021). CoinDesk. Retrieved from https://www.coindesk.com/cz-may-now-be-wealthier-than-warren-buffett

[4] If the worth of the BNB stash held by CZ is added to his Binance shares, his net worth could be much larger. (2021). Forbes. Retrieved from https://www.forbes.com/sites/johnkoetsier/2021/05/17/if-the-worth-of-the-bnb-stash-held-by-cz-is-added-to-his-binance-shares-his-net-worth-could-be-much-larger/?sh=1e582d8d10a8

  1. CZ's significant holdings of Binance Coin (BNB), currently the fifth-largest crypto by market cap, have escalated in worth, nearing $860 per token.
  2. As a result, Binance Coin's founder, Changpeng Zhao (CZ), has been catapulted into the ranks of the world's wealthiest individuals, with net worth estimates reaching as high as $110 billion.
  3. With renowned figures like Warren Buffett standing at a net worth of $144.4 billion, CZ's rising net worth places him in potential contention for higher positions on wealth rankings.
  4. Moreover, the potential liquidation of CZ's BNB holdings, combined with his estimated 90% stake in Binance, could further boost his total net worth, based on current market valuations and speculations.

Read also:

    Latest