Whereas China now has extra billionaires than the USA and India mixed, Binance CEO might need extra money than any crypto particular person, a bra
Whereas China now has extra billionaires than the USA and India mixed, Binance CEO might need extra money than any crypto particular person, a brand new report says.
Binance CEO Changpeng Zhao has overtaken a co-founder of cryptocurrency mining big Bitmain within the newest Hurun International Wealthy Checklist, an annual rating of the world’s largest billionaires printed Chinese language media Hurun Report.
Issued on Feb. 26, the brand new Hurun Report’s listing of two,816 international billionaires contains six people who made their fortune from blockchain and crypto business.
Bitmain’s ousted co-founder misplaced over one billion {dollars} in a yr
Equally to earlier compilations by the Hurun Analysis Institute, the Hurun International Wealthy Checklist 2020 contains well-known names within the business similar to Binance’s CZ, OKCoin’s founder Xu Mingxing and Chris Larsen, a co-founder and former CEO of Ripple.
Nevertheless, the most recent Hurun blockchain billionaires listing has no less than one important change — Bitmain’s ousted co-founder Micree Ketuan Zhan, who’s known because the long-term chief within the listing, has fallen behind Binance CEO.
In one among earlier annual lists of the world’s largest billionaires, the Hurun International Wealthy Checklist 2019, Zhan was ranked the highest billionaire amongst 5 crypto and blockchain billionaires, with an estimated wealth of $2.7 billion. Within the newest Hurun listing, Zhan has slipped to the second rank, with web value standing at $1.6 billion.
On the similar time, Binance CEO’s rank has notably surged from $1.3 billion in 2019 to $2.6 billion in 2020, in line with the publicly out there lists.
The six wealthiest blockchain and crypto folks within the newest Hurun listing are:
- Binance CEO Changpeng Zhao ($2.6 billion).
- Bitmain’s ousted co-founder Micree Zhan Ketuan ($1.6 billion).
- OKCoin’s founder Xu Mingxing ($1.four billion).
- Ripple’s Chris Larsen ($1.three billion).
- Huobi’s founder Leon Li ($1.1 billion).
- Brian Armstrong, co-founder and CEO of main United States crypto alternate Coinbase ($1 billion).
Zhan was faraway from Bitmain in late 2019
The Bitmain’s co-founder dip within the Hurun billionaire rankings comes after Zhan was removed as a authorized consultant of the corporate in November 2019. As reported by Cointelegraph, Zhan was dismissed by Bitmain’s present CEO Jihan Wu. In January 2020, Zhan publicly opposed alleged layoffs at Bitmain, which was reportedly planning to chop its workforce by 50% in relation to the upcoming Bitcoin (BTC) halving in Might 2020. Zhan additionally reportedly initiated courtroom proceedings towards Bitmain shareholders to revive his voting management of the agency.
Zhan’s removing from Bitmain preceded experiences on Bitmain seeing its hashrate market share drop from 75% to 66% in December 2019.
In the meantime, Binance’s CZ has been getting increasingly traction within the crypto group to become the highest ranked crypto particular person within the Cointelegraph’s first-ever Prime 100 listing. On the similar time, CZ might need been going through some reputational points just lately because of unscheduled upkeep of Binance on Feb. 19, which proved to be a significant drawback on the platform.