Ousted Binance Founder CZ’s Fortune Grew by $25 Billion in 2023 – Bloomberg

He may be headed to prison next year after pleading guilty to US criminal charges in November, yet 2023 held a silver lining for former Binance Holdings Ltd. Chief Executive Officer Changpeng Zhao: His estimated wealth ballooned by almost $25 billion this year.

Toward the end of a year when Bitcoin rebounded more than 160% following a market collapse in 2022, Zhao tops a list of crypto entrepreneurs who saw their estimated net worth surge in 2023, according to the Bloomberg Billionaires Index. Coinbase Global Inc. CEO Brian Armstrong and twin brothers Cameron and Tyler Winklevoss also had billions of dollars restored to their fortunes.

Source: Ousted Binance Founder CZ’s Fortune Grew by $25 Billion in 2023 – Bloomberg