Market Analysis

Former Binance CEO 'CZ' Owns 64% of BNB Circulating Supply

Author : Renuka K

A recent report by Forbes and Gray Wolf Analytics revealed that former Binance CEO Changpeng Zhao (CZ) owns 64% of Binance Coin's (BNB) circulating supply, equivalent to around 94 million BNB tokens. This substantial holding, along with his 90% equity stake in Binance, contributes to Zhao's estimated net worth of $61 billion, ranking him as the 24th richest person globally. The report also detailed the allocation of 80 million BNB tokens to the Binance founding team and highlighted Binance and CZ's joint control over 71% of the circulating BNB.

Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.