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23 April 2021

Binance CEO Changpeng Zhao holds “close to 100%” of his funds in crypto

Binance CEO Changpeng Zhao holds “close to 100%” of his funds in crypto


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Billionaire Changpeng Zhao, the CEO of global cryptocurrency exchange Binance, holds nearly all of his money in various digital assets—and owns no fiat, houses, or cars, he revealed toBloombergin an interview published today.

“I would say probably close to 100%,” Zhao replied when the interviewer asked how much of his net worth is invested in crypto.

Zhao also noted that because he values liquidity much more than owning something, he prefers to not “own” anything at all.

“You can rent an apartment or stay in a hotel—that gives you much higher liquidity,” he said, adding, “I’m not using crypto to buy fiat, I’m not using crypto to buy houses.

When asked about “the most luxurious thing he bought because of his success,” Zhao confessed that it’s…several laptops.

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