Binance founder CZ disputes Forbes estimate of his net worth
Changpeng Zhao said on March 11 that Forbes’ estimate of about $110 billion overstated his wealth because Bitcoin had fallen sharply from its peak, despite ranking him 17th globally.
BTC
Fact Check
The claim is supported by direct reporting from BlockBeats and AInvest, which cite CZ's specific social media response on March 11, 2026. The details regarding the $110 billion figure, the 17th place ranking, and the comparison to Bill Gates are consistent across sources. CZ's specific argument regarding the decline of Bitcoin ('the big cake') is also documented.
Summary
Changpeng Zhao disputed Forbes’ estimate that his net worth was about $110 billion, saying on March 11 that the figure was inaccurate because Bitcoin had declined sharply from its peak. Forbes had ranked the Binance founder No. 17 globally, ahead of Bill Gates. Zhao had previously described such wealth rankings as a "guessing game" during crypto market weakness.
Terms & Concepts
- Bitcoin: The largest cryptocurrency by market value, often used as a benchmark for broader digital asset market movements.
- Crypto market weakness: A period of falling or subdued digital asset prices that can reduce valuations, trading activity, and estimated investor wealth.