Sam Bankman-Fried may be the one on trial, but his archrival, Binance’s Changpeng Zhao, is also under pressure as declining trading volumes have slashed billions from his net worth.
The Binance CEO’s wealth dropped by some $11.9 billion, lowering his net worth to about $17.2 billion, according to the most recent estimate by the Bloomberg Billionaires Index. The decline represents a major drop from January 2022, when CZ was worth as much as $96 billion, just shy of Meta founder Mark Zuckerberg’s most recent estimated net worth of $105 billion.
