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Binance CEO Changpeng Zhao is now worth over $100 billion

Zhao's fortune could be significantly larger, as the wealth estimate doesn't take into account his personal crypto holdings

Zhao Changpeng, chief executive officer of Binance. (Photo: Bloomberg)
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Zhao Changpeng, chief executive officer of Binance. (Photo: Bloomberg)

Tom Maloney, Yueqi Yang, Ben Bartenstein | Bloomberg
The Abu Dhabi Grand Prix draws princes, movie stars and world-famous athletes every year to party on Yas Island, the entertainment hub about 30 minutes from the center of downtown.

Mingling among them last month was a figure charting an unlikely ascent: a former McDonald’s burger-flipper and software developer who, practically overnight, has vaulted into the ranks of the world’s wealthiest people — cryptocurrency pioneer Changpeng Zhao.

CZ, as he’s known to cryptophiles, is quickly becoming a fixture in the United Arab Emirates, meeting with royalty in Abu Dhabi who are eager to bring his Binance exchange to the country,