Changpeng Zhao Proclaims Himself to be a ‘Crypto Sales Guy’
I Get People to Buy Crypto in a Subtle Way: Changpeng Zhao
In a latest tweet posted today, Binance CEO, Changpeng Zhao randomly stated that he is ‘one of those crypto sales guys.’ However, he clarified that he doesn’t just sell cryptocurrencies but gets people to buy them in a subtle way.
Perhaps his salesmanship skill is on point considering that Binance generated at least $20 billion of revenue last year, according to a Bloomberg analysis of its trading volume and fees in January. At the time, Binance disputed the accuracy of Bloomberg’s estimates of the firm’s market value to say 'Crypto is still in its growth stage.'
In 2017, Zhao launched Binance which managed to raise nearly fifteen million dollars in an initial coin offering (ICO) that very year. In less than eight months, Zhao grew Binance to be the largest cryptocurrency exchange in the world by trading volume.
One of the World's Richest Billionaires
As of January 2022, Bloomberg Billionaires Index estimated Zhao's net worth somewhere near $100 billion making him to be one of the richest persons in Canada and the world’s 11th richest person. As a result, this brings him into a league of tech billionaires including Jeff Bezos, Elon Musk, and Mark Zukerberg among others.
However, Zhao’s fortune could be significantly larger, as the wealth estimate doesn’t take into account his personal crypto holdings, which include Bitcoin and his firm’s own token BNB which surged roughly 1,300 per cent last year.