Binance Changpeng Zhao Tops 6 Bitcoin Billionaires in Hurun Global Rich List 2020
The Hurun Global Rich List released today includes six cryptocurrency billionaires, adding two new faces from major crypto exchanges this year.
According to the list, four people out of the six executives who made it to the list are from major cryptocurrency exchanges, holding a net worth of more than $1 billion each.
Zhao Changpeng, the 42 year-old founder of the three-year-old crypto exchange Binance, continues to grow his personal wealth as the company expands, doubling his wealth to a reported $2.6 billion from last year’s $1.3 billion and topping global crypto entrepreneurs.
The second crypto wealthiest comes to Bitmain co-founder Zhan Ketuan. The 41 year-old mastermind behind the world’s largest crypto mining hardware manufacturer holds a net worth of $1.6 billion as of January 31, 2020, which in fact has decreased by 41% from $2.7 billion a year ago, the report shows.
Notably, Zhan was the crypto richest on last year’s Hurun rich list and Bitmain’s another co-founder Wu Jihan came third in 2019, while Wu was not seen on this year’s list, which may be a result of the huge upheaval within the company’s upper hierarchy broke out last October.
The rapid rise of the crypto sector along with the skyrocketing prices of cryptocurrencies in the past few years does witness entrepreneurs from the industry make billions out the burgeoning industry.
Apart from Binance’s Zhao Changpeng, founders of the world’s largest yet young crypto exchanges have also made it to the list, including OKEx/OKCoin’s Xu Mingxing ($1.4 billion) and Huobi’s Li Lin ($1.1 billion) who are newly added onto the list this year, followed by Coinbase’s Brian Armstrong ($1 billion).
The Hurun Global Rich List, known as China’s version of the Forbes rich list, ranked 2,816 billionaires from 71 countries this year. On top is Amazon founder Jeff Bezos, who has remained on top for the third consecutive year with a fortune of $140 billion.
Luxury giant LVMH’s CEO Bernard Arnault ($107 billion) moves up two places to be the second-richest person in the world; Bill Gates ($106 billion) and Warren Buffett ($102 billion) follows in the third and fourth ranks.
Chinese billionaires dominate the list with 799 names on it. Jack Ma of Alibaba tops China’s wealthiest with $45 billion in net worth.