Changpeng “CZ” Zhao, the founder of Binance, has publicly refuted a recent report that estimated his wealth at 190 billion yuan. The prominent report, which placed him among China’s wealthiest individuals, has been met with a swift denial from Zhao.
The Hurun Rich List, in its 2025 report, ranked Zhao 13th with an estimated fortune of 190 billion yuan, approximately $27 billion. This figure represented a substantial 41% increase from the previous year, and the report detailed that his wealth had grown significantly, moving him up three spots in the ranking.
However, Zhao took to Twitter to dismiss this information, stating in Chinese, "Nonsense, divide by 100 and that’s about right." This implies that the figure reported by the Hurun list was considerably higher than his actual net worth.
The Disparity in Wealth Estimates
If Zhao's tweet is interpreted literally, dividing the reported 190 billion yuan by 100 would suggest a net worth of approximately 1.9 billion yuan. While this figure remains unconfirmed as Zhao did not specify his exact net worth in his post, it highlights a dramatic difference from the Hurun report.
This significant discrepancy underscores the inherent difficulties in accurately calculating Changpeng Zhao's net worth. A substantial portion of his wealth is tied to his cryptocurrency holdings and the overall valuation of Binance, both of which are subject to considerable market volatility.
The figures presented by the Hurun list stand in stark contrast to other major wealth rankings. As of October 28, 2025, the Bloomberg Billionaires Index positions “CZ” globally at 26th, with an estimated net worth of $65.4 billion. This equates to approximately 464.3 billion yuan, a figure that is already substantially different from the Hurun estimate.
Furthermore, Forbes has provided its own estimate for Changpeng Zhao’s fortune, placing it at $88 billion. The wide range of these estimates, varying by tens of billions of dollars, indicates that all such figures remain speculative.
The true extent of the Binance founder’s wealth remains unknown. His recent public statement serves only to deepen the mystery surrounding his net worth, emphasizing that external reports can be highly misleading.