Binance founder Changpeng Zhao, known as CZ, has rejected a report by China’s Hurun Research Institute ranking him as the country’s 13th richest person with an estimated fortune of $26.7 billion.
In a post on X, Zhao called the report “nonsense,” saying the figure should be “divided by 100.”
Binance founder CZ rejects “nonsense” report ranking him as China’s 13th richest person
— Bien Perez (@BienPerez) October 29, 2025
The Hurun Research Institute estimates Zhao Changpeng’s net worth at more than US$26 billionhttps://t.co/lUJRZrtTYO pic.twitter.com/MbYX8jms5v
The crypto mogul recently returned to the public eye after receiving a presidential pardon from Donald Trump, who cleared Zhao’s 2023 conviction for violating U.S. anti-money-laundering laws.
Zhao expressed “deep gratitude” for Trump’s decision and vowed to help “make America the capital of crypto.”
Breaking: President Trump has pardoned Binance founder Changpeng Zhao, whose crypto exchange has been boosting the Trump family's own crypto venture https://t.co/OxksrhgUyJ
— The Wall Street Journal (@WSJ) October 23, 2025
His pardon has sparked outrage among Democrats, including Sens. Elizabeth Warren and Adam Schiff, who accused Trump of favoring wealthy allies. Zhao is reportedly weighing a libel suit against Warren over her criticism.
Analysts say Trump’s move could open the door for Zhao’s return to Binance and potentially an American IPO.
Also read:
TIPP Staff
TIPP Staff
