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Forbes Puts Binance Founder CZ at $110 Billion, Above Gates as Zhao Disputes Valuation

The figure rests on an assumed dominant stake in privately valued Binance.

Overview

  • Forbes' 2026 billionaire list estimates Changpeng Zhao's net worth at $110 billion, a $47 billion rise year over year that places him 17th globally and ahead of Bill Gates at $108 billion.
  • The ranking attributes most of Zhao's wealth to an estimated roughly 90% ownership of Binance, which Forbes values near $100 billion.
  • Forbes cites Binance metrics including about $16–17 billion in annual revenue, roughly $30 trillion in yearly trading volume, and an estimated 38% share of the global crypto exchange market.
  • Zhao publicly rejected the estimate on X, arguing it is inconsistent with 2026 crypto price declines he said exceed 50%, and called the methodology unrealistic.
  • Forbes notes some holdings fell over the past year, including an estimated 1,400 bitcoins down about 25% to roughly $100 million, while a large BNB position was described as largely unchanged; Binance continues to operate after 2023 DOJ penalties under CEO Richard Teng with a stated focus on compliance.