Changpeng Zhao Questions Forbes' $11 Billion Net Worth Estimate: 'Guess the Number'

News Editor

2026-06-28 19:15:03

Binance founder Changpeng Zhao took to X (formerly Twitter) to question Forbes' valuation of his $11 billion net worth. He argued that claiming his wealth surged by $47 billion during a crypto bear market with over 50% price declines is illogical. Zhao emphasized that such rankings are merely 'guess the number' and reiterated his past denials of their accuracy. The report was originally covered by U.Today.

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Zhao Challenges Forbes Valuation Logic

Changpeng Zhao (CZ), founder of Binance, publicly questioned Forbes' latest valuation of his net worth via a post on X. Forbes had estimated Zhao's net worth at $11 billion, but Zhao highlighted that the estimate's implied $47 billion wealth surge during a crypto bear market—when prices dropped over 50%—makes no sense. 'How can your net worth surge $47 billion in a year when crypto prices are down over 50%? This is illogical,' Zhao wrote.

Zhao further stated that such rankings are essentially 'guess the number,' lacking rigorous financial basis. He has repeatedly dismissed similar wealth estimates in the past, arguing they often deviate significantly from reality. The news was first reported by U.Today.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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