Binance Founder CZ Reclaims Title as Richest Chinese Billionaire Amid Crypto Surge

- Changpeng Zhao, Ranked 1st Among Chinese Billionaires with a Net Worth of $6.57 Billion - Global Rank 24th, Elon Musk Still Holds the Top Spot with $40.14 Billion [Unblock Media] Former Binance CEO Changpeng Zhao (CZ) has reclaimed the top spot among Chinese billionaires in Forbes' global wealth rankings with a net worth of $6.57 billion. Although according to Forbes' data he is classified under Canadian nationality, this reflects his long-standing citizenship. Zhao ranks 24th globally, surpassing other billionaires from China. Zhao's wealth increase is attributed to the recent bullish trend in the cryptocurrency market and the rise in the value of assets related to Binance. His fortune has been significantly influenced by the expansion of Binance and the success of its venture arm, Binance Labs. Over the past year, Binance Labs has invested in over 40 blockchain, AI, and DePIN startups. The explosive debut of the AI token $ACT, which surged over 2,200% post its listing on Binance, demonstrates his continued influence in the industry. Geopolitical factors also play a role. Canada's stable regulatory environment and access to global capital markets provide a favorable foundation for Zhao's cross-border cryptocurrency operations. Meanwhile, Binance has quickly adapted to regulatory frameworks, especially in cryptocurrency-friendly hubs like Singapore and policies favoring crypto in the United States, supporting platform growth. On the other hand, Elon Musk remains the world's wealthiest individual with assets valued at $40.14 billion, nearly six times that of Zhao's.