I do intend to give away 90%, 95%, or 99% of my wealth. “I do intend to give away most of my wealth, like many wealthy entrepreneurs or founders did from Rockefeller until today. I don’t need a lot of money, and I can maintain my lifestyle in this way,” he told the Associated Press in November. Tesla CEO Elon Musk took a stance against cryptocurrency exchanges in a Tuesday tweet.
Last November, China’s Caijing Magazine pegged Zhao’s net worth above $90 billion, without describing how exactly it arrived at the figure.įor his part, Zhao says he will donate the vast majority of his fortune to charity. Elon Musk Encourages People to Ditch Crypto Exchanges Like Binance. But amid a cryptocurrency trading boom this year, new estimates place Zhao’s fortune far higher. If you’re looking for the market cap of Elon Musk CEO, data is not available today as the circulating supply of ELONMUSKCE tokens is. This represents a - price increase in the last 24 hours and a - price increase in the past 7 days. The following month, Forbes, which put Zhao’s stake in Binance at 30%, estimated Zhao’s net worth at $1.9 billion. The price of Elon Musk CEO (ELONMUSKCE) is 0.000000000000094608 today with a 24-hour trading volume of 414.42. Last March, the Hurun Report, which tracks the personal fortunes of the world’s wealthiest individuals, estimated that Zhao was worth $8 billion. The private crypto exchange, which does not disclose its financial results, processes as much as $170 billion of crypto trades a day, multiples more than any other competitor.Īll the unknowns behind Zhao’s wealth is likely why estimates of how much he ‘s worth have varied so widely. Likewise, little is known about the finances of Binance, the world’s largest crypto exchange by a wide margin.
Zhao has not publicly commented on the size of his personal crypto holdings, but he told the Associated Press last November that his personal holdings make up the “majority” of his net worth.
Factoring in Zhao’s personal crypto holdings would likely give him a fortune on par with that of Bill Gates, the world’s fourth richest person with a $135 billion net worth, and Zuckerberg, the world’s fifth richest with $124 billion. Twitter has subpoenaed crypto exchange Binance and more than a dozen of Musk’s advisers and would-be lenders as part of its lawsuit against the Tesla CEO. Zhao’s net worth may be even higher than $96 billion since Bloomberg did not account for Zhao’s personal holdings of Bitcoin and Binance Coin, the cryptocurrency issued by Binance. 10, Larry Ellison, cofounder of Oracle, who’s worth an estimated $107 billion.īloomberg says its estimate is based on Zhao’s stake in Binance, reporting that the exchange generated upwards of $20 billion in revenue in 2021 and that Zhao owns 90% of Binance’s shares, according to a review of the firm’s regulatory filings. The live price of ELONMUSKCEO is <0.0000001 per (ELONMUSKCEO / INR) today with a current market cap of 0 INR. 12, Mukesh Ambani, CEO of Indian conglomerate Reliance Industries, and No. On the Bloomberg Billionaires Index, Zhao, known as “CZ” in crypto circles, is now sandwiched between No. "Twitter is the global town square," he said.On Monday, Bloomberg calculated that Zhao’s net worth is $96 billion, which would make him the 11 th richest person in the world.
#BINANCE CEO ELON MUSK FREE#
Zhao added he shared Musk's desire to promote free speech on the platform and purge it of bots and suspicious accounts. We're an investor in Twitter but I'm not running it." "Elon Musk's probably a hard guy for me to predict," he said.
#BINANCE CEO ELON MUSK VERIFICATION#
Zhao said he had heard of Musk's desire to introduce a fee for verification badges but wasn't aware of the latest developments. Initial reports suggested he would charge users $20 for a "blue tick" badge on their profiles, but his latest tweets suggest he is leaning toward $8 instead. Musk is already discussing plans to improve the platform's monetization efforts, including adding a fee for verified users. He has since dissolved the Twitter board, fired some of its top executives and made himself the CEO. Having initially reversed his decision to buy the company due to concerns over suspicious accounts, he subsequently made a renewed offer, in large part to avoid a contentious legal battle with company management, which sued to force him to buy it after he backed out. The protracted saga over Musk's purchase of Twitter drew to a close last month when Musk agreed to a final deal with the company. The "number one reason" for him to buy the social media firm was to make it a "free speech platform," he said. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Binance CEO credited Tesla CEO Elon Musk with having played a role in extending Dogecoin's lifespan CZ explained the meme coin listing process on Binance.
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