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Who is Changpeng Zhao?
Commonly known as “CZ,” Changpeng Zhao is the founder and chief executive officer (CEO) of Binance, the world’s largest cryptocurrency exchange by trading volume.
In a span of a few months, Zhao turned Binance into the leading exchange platform for the crypto trade.
It’s a long way from when he was flipping burgers while studying at McGill University in Montreal.
Zhao’s is a story of a rapid ascendancy to fame and recognition from relative obscurity.
His crypto holdings give him a real-time net worth of $4.5 billion, putting him in the elite class of cryptocurrency billionaires.
Changpeng Zhao has helped to revolutionize digital currencies while representing an actual “rags-to-riches” life experience.
The life of CZ is something inspiring and exciting to learn.
Here’s the true story of Changpeng Zhao, how he gets started, his early life, and his life as the CEO of Binance.
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Changpeng Zhao Personal Info
Name: Changpeng Zhao, aka CZ.
DOB: February 5, 1977.
Birthplace: Jiangsu Province, China.
Education: McGill University
Wife/Partner: Unknown – Married
Hometown: Dubai, United Arab Emirates (UAE).
Famous As: Crypto billionaire and co-founder of Binance, the world’s largest cryptocurrency exchange by trading volume as of 2022.
Changpeng Zhao Biography
Changpeng Zhao was born on Feb. 5, 1977, in the Jiangsu province of China.
His parents were both teachers in China. His father, Shengkai, worked as a university instructor before he was branded a “pro-bourgeois intellect” and exiled to rural areas shortly after Zhao’s birth.
When CZ was 12 years old, his father emigrated to Vancouver, Canada, to pursue his doctorate. The rest of the family arrived in Canada in 1989.
The Zhao family left China just after the Tiananmen Square massacre and was able to expedite securing visas.
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Changpeng Zhao’s Early Life And Education
Changpeng Zhao spent his high school life working several service jobs part-time to support his family, including at a McDonald’s.
He also took an overnight shift at a local gas station to contribute to the family’s upkeep.
He was first introduced to the world of computers when his father purchased an expensive $7,000 286 DOS computer.
Zhao eventually enrolled in computer programming classes and graduated with a degree in computer science from McGill University in Montreal, Quebec.
CZ also has a talent for futures trading and the Stock Market. This aptitude would serve him well later when he began his professional career.
Changpeng Zhao’s Career
After graduating from McGill University, Changpeng Zhao began his career as an intern working for a trader on Tokyo Stock Exchange.
The trader asked CZ to develop software for matching orders in the stock trade.
CZ spent the next few years honing his talent as a trading software expert until he found a job at Bloomberg in New York City.
He started working for the Bloomberg Tradebook LLC in 2001 as the head of the Futures Development sector. CZ held this position for four years.
In 2005, CZ quit his role as head of the Bloomberg Tradebook Futures Research & Development team and moved to Shanghai, China, to launch Fusion Systems, an information technology (IT) consulting company.
Changpeng Zhao got involved in cryptocurrency in 2013, working on Blockchain.info. He also served as Chief Technology Officer for OKCoin.
However, Changpeng Zhao felt OKCoin did not suit his vision of crypto exchange. He decided to leave the company.
CZ went on to find Bijie Tech, a company that provided crypto exchange services to people in Shanghai.
Then one day in 2017, all the platforms and websites of Bijie tech went dead. With the death of Bijie Tech emerged a company named Binance.
Zhao then established Binance, setting it up as a platform for spot trading between digital assets and fiat currencies.
Binance launched in July 2017, but China banned all crypto exchanges in September 2017. Zhao needed to relocate. Instead of finding another country to operate in, the company went fully remote.
Binance quickly became one of the biggest crypto exchanges by daily trade volume.
Binance made Zhao a billionaire within just 180 days of its operation.
Changpeng Zhao’s Net Worth
The massive net worth of Changpeng Zhao and his simple lifestyle has attracted many to know about his personal life.
According to the Forbes Real Time Net Worth, Changpeng Zhao’s net worth is a whopping $4.5 billion as of this writing. You can check his real-time net worth by following the link.
Most of his fortune is from Binance, the biggest crypto exchange Company worldwide.
At an all-time high, Changpeng Zhao had a net worth of $74 billion in 2022. The crypto crash in January 2023 caused a massive loss to his fortune. CZ’s net worth settles at less than $5 billion.
Zhao is the wealthiest figure in the crypto world. He often says he doesn’t “really care much about money.”
Zhao has revealed that 95% percent of his wealth is crypto, the majority of which are BNB coins, with a small portion in Bitcoin. Only 5% of his portfolio is fiat currency or other assets.
While his fortune quickly dropped off starting in 2023, Changpeng Zhao remains a billionaire several times over.
Changpeng Zhao Family
Changpeng Zhao’s parents were both teachers in China. His father worked as a university instructor before he was branded a pro-bourgeois intellect and exiled to rural areas.
His father, Shengkai Zhao, emigrated to Vancouver, Canada, in 1984 to pursue a doctorate. CZ and his mom arrived in Canada in 1989.
The Zhao family left China just after the Tiananmen Square massacre and was able to expedite securing visas.
Changpeng Zhao Wife (Partner)
Changpeng Zhao is not interested in sharing his kid’s and family’s details. He has always been tight-lipped about his personal life.
CZ has never publicly revealed the name of his wife or girlfriend. There is no information bout his marriage.
He keeps a low profile and only shares his professional work with the public.
Many believe Changpeng Zhao is married and has started a family life.
According to Reuters investigative story, Changpeng Zhao had a romantic relationship with former Chinese travel television show host and Binance co-founder Yi He for “several years.” She later gave birth to a son in the United States.
Changpeng Zhao Children
Changpeng Zhao has never publicly revealed information about his children.
The offspring of this wealthy crypto man prefers to stay out of the limelight. There is relatively little known information about CZ’s children.
Sure, the children are likely to inherit his enormous fortune in the future, if he has any.
Changpeng Zhao Accomplishments
- In 2020 Changpeng Zhao was recognized in the Bloomberg 50 as one of the most influential people of the year.
That’s Changpeng Zhao’s Bio.
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Hello! I am TQ. Like these billionaires and millionaires, most of my online businesses were total failures. Learning from these failed attempts, I launched a successful online business for less than $400. You can Read My Story to learn more.
