Binances CZ Overtakes Bitmain Co-Founder In New Hurun Rich List

While China now has extra billionaires than the United States and India mixed, Binance CEO may need extra money than any crypto particular soul, a brand new report says.

Binance CEO Changpeng Zhao has overtaken a co-founder of cryptocurrency mining big Bitmain inside the newest Hurun Global Rich List, an annual rating of the world’s greatest billionaires blazing Chinese media Hurun Report.

Issued on Feb. 26, the brand new Hurun Report’s checklist of two,816 world 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

Similarly to earlier compilations by the Hurun Research Institute, the Hurun Global Rich List 2020 contains well-known name calling inside the business remindful of Binance’s CZ, OKCoin’s founder Xu Mingxing and Chris Larsen, a co-founder and former CEO of Ripple.

However, the newest Hurun blockchain billionaires checklist has no to a little degree one vital change – Bitmain’s ousted co-founder Micree Ketuan Zhan, who is called the long-term chief inside the checklist, has fallen behind Binance CEO.

In one among earlier annual lists of the world’s greatest billionaires, the Hurun Global Rich List 2019, Zhan was stratified the highest billionaire amongst 5 crypto and blockchain billionaires, with an estimated wealth of $2.7 billion. In the newest Hurun checklist, Zhan has slipped to the second rank, with web value standing at $1.6 billion.

At the identical time, Binance CEO’s rank has notably surged from $1.three billion in 2019 to $2.6 billion in 2020, in accordance with the publically getable lists.

The six wealthiest blockchain and crypto common people inside the newest Hurun checklist are:

  1. Binance CEO Changpeng Zhao ($2.6 billion).
  2. Bitmain’s ousted co-founder Micree Zhan Ketuan ($1.6 billion).
  3. OKCoin’s founder Xu Mingxing ($1.four billion).
  4. Ripple’s Chris Larsen ($1.three billion).
  5. Huobi’s founder Leon Li ($1.1 billion).
  6. Brian Armstrong, co-founder and CEO of main United States crypto trade Coinbase ($1 billion).

Zhan was faraway from Bitmain in late 2019

The Bitmain’s co-founder dip inside the Hurun billionaire rankings comes after Zhan was eliminated as a authorized advisor of the corporate in November 2019. As reported by Cointelegraph, Zhan was pink-slipped by Bitmain’s present CEO Jihan Wu. In January 2020, Zhan publically opposed alleged layoffs at Bitmain, which was reportedly preparation to chop its manpower by 50% in relation to the coming Bitcoin (BTC) halving in May 2020. Zhan in addition reportedly initiated court proceedings con to Bitmain shareholders to revive his balloting direction of the agency.

Zhan’s elimination from Bitmain preceded stories on Bitmain seeing its hashrate market share drop from 75% to 66% in December 2019.

Meanwhile, Binance’s CZ has been acquiring an increasing number of adhesive friction inside the crypto group to turn into the highest stratified crypto particular soul inside the Cointelegraph’s first-ever Top 100 checklist. At the identical time, CZ may need been dealing with some reputational points not too lang syne ensuant from unexpected upkeep of Binance on Feb. 19, which tried to be a significant drawback on the platform.

Binances CZ Overtakes Bitmain Co-Founder In New Hurun Rich List

Your Opinion Matters

Quality - 10


Total Score

Your feedback is important to us to improve our services. We constantly seek feedback to improve and evolve our service, whilst identifying opportunities to assist clients in realising their business objectives.

User Rating: 4.57 ( 7 votes)

Show More

Patricia Bakely

Earn Free Bitcoin Online with

Related Articles

Leave a Reply

Back to top button