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International Business Times UK

Dani Oh

Crypto Slump Fails to Stop CZ as Binance Founder Overtakes Bill Gates With $108 Billion Fortune

Changpeng CZ Zhao Changpeng Zhao Bill Gates Binance Crypto Bloomberg Billionaires Index

CZ, Changpeng Zhao (Founder of Binance & Giggle Academy) joins economist and long-time Bitcoin critic Peter Schiff for one of the most anticipated debates in digital asset history (Credit: YouTube Screenshot/Binance)

Binance founder Changpeng 'CZ' Zhao has overtaken Bill Gates in Forbes' real-time billionaire rankings, even as the crypto market has struggled through volatility, regulatory pressure and a sharp pullback from previous highs.

The wealth tracker valued Zhao's fortune at $107.7 billion (£84.9 billion) as of 28 June, placing him above Gates, whose estimated net worth stood at $105.9 billion (£83.5 billion). But other wealth trackers have placed Zhao's fortune significantly lower, highlighting the difficulty of valuing a privately held company at the centre of the digital asset industry.

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