Binance CEO Wants To Donate Almost All Of His Wealth

Binance CEO wants to donate almost all of his wealth. Changpeng Zhao may donate 99 percent of his wealth.

Zhao said, "I plan to donate most of my wealth, as many wealthy entrepreneurs or founders like Rockefeller have done. I intend to donate 90, 95 or 99 percent of my wealth." Stating that he is financially free, Binance CEO Zhao said that he does not need a lot of money. Forbes had calculated Zhao's fortune at around $2 billion. In addition, Zhao is the largest shareholder of Binance, as stated in a recent report by the Wall Street Journal. Binance is thought to be worth $300 billion. Accordingly, such a valuation for Binance will make Zhao one of the richest names in the world. According to industry analysts' estimates, Zhao's net worth is over $200 billion. Zhao told the AP that he only holds Bitcoin and Binance Coin. Binance CEO, who bought his first Bitcoins in 2014, stated that he still holds most of it, while most of his wealth is in BNB.