From the Editor
  • Changpeng Zhao, who goes by CZ, is the founder and former CEO of Binance, the largest cryptocurrency exchange in the world.
  • The Chinese-Canadian coder cut his teeth building high-frequency trading systems for Wall Street's flash boys.
  • Zhao founded Binance in 2017 and still owns an estimated 90% of the exchange plus a stash of its BNB tokens.
  • In November 2023, Zhao stepped down as Binance's CEO as part of a sweeping settlement with U.S. authorities.
  • Zhao pleaded guilty to failing to maintain an effective anti-money laundering program, paid a $50 million fine and served four months in prison.
  • He was pardoned in October 2025 by Donald Trump, whose crypto businesses have had extensive dealings with Binance.
Wealth History
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Personal Stats
Age
48
Source of Wealth
Cryptocurrency exchange, Self Made
Residence
Dubai, United Arab Emirates
Citizenship
Canada
Did you know
Zhao was born in Jiangsu, China. His father, a professor, was labeled a pro-bourgeois intellect and temporarily exiled shortly after CZ was born.
As a teenager in Vancouver, CZ pitched in to cover the household expenses, flipping burgers at McDonald's and working overnight shifts at a gas station.
In Their Own Words

We need to respect the market, with a level of caution too. It goes up and down in cycles. And especially the fact that it doesn't always make sense.

Changpeng Zhao
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