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Showing posts with the label net worth

CZ's net worth has risen $54 million per day since prison release

Since Binance founder Changpeng Zhao was released from prison a little over a year ago after serving time for failure to enforce the Bank Secrecy Act, his estimated net worth has increased by approximately $20 billion. Archives of Forbes’ website show that it estimated his net worth at approximately $61 billion when he exited prison. Now, that same publication lists his estimated wealth at $80.6 billion, an increase of nearly $20 billion. Meanwhile, Bloomberg, which maintains its own net worth list, estimated Zhao’s net worth to be somewhere around $30.8 billion when he exited prison. It now has it at approximately $52.1 billion , an increase of just over $20 billion. Read more: CZ called pardon reports false, now he’s applying for one Forbes’ notes on Zhao include that he “still owns an estimated 90% of the exchange plus a stash of its BNB tokens.” BNB has seen its price increase by over 80% since Zhao was released from pr...

Elon Musk Becomes First Person to Reach $400 billion Net Worth

Elon Musk has become the first person to reach $400 billion in net worth, according to a report from Bloomberg’s Billionaires Index. The world’s richest man has seen his net worth rise by 66% since Donald Trump’s victory in the 2024 US election. JUST IN: Elon Musk becomes first person to surpass $400 billion net worth. — Watcher.Guru (@WatcherGuru) December 11, 2024 The most recent catalyst to Musk’s fortune was an insider share sale of his privately held SpaceX. The sale boosted the head of Trump’s DOGE department’s net worth by roughly $50 billion to $439.2 billion. Since late 2022, Elon Musk’s fortune has grown massively, seeing him dethrone significant players in business with his net worth. After Trump’s election win last month, this surge only got steeper, with Musk playing as one of the president-elect’s biggest supporters financially and on the campaign trail. As a token of appreciation, Trump appointed Musk to his Department of Government Eff...