Based

Coin

A recent Forbes report revealed that Changpeng Zhao (CZ), the former boss of Binance, owns a tremendous 64% of all circulating Binance Coin (BNB) tokens, which is equivalent to around 94 million tokens.&nbsp; 
Based on an investigation by Gray Wolf Analytics, this <a href="https://www.forbes.com/sites/javierpaz/2024/06/14/how-cryptos-richest-billionaire-doubled-his-net-worth-behind-bars/" target="_blank" rel="noreferrer noopener nofollow">report</a> revealed that Binance’s founding team initially received 80 million BNB tokens, with the company still controlling 46 million of those original coins. Astonishingly, Zhao and Binance together possess 71% of the total 147 million BNB tokens currently available.&nbsp;&nbsp; 
With each BNB currently valued at approximately $602 and the circulating supply worth over $91 billion, Zhao’s 90% ownership in Binance combined with his crypto holdings have propelled him to become the 24th wealthiest individual worldwide, amassing a massive $61 billion net worth. 
Moreover, BNB has been on an uptrend, with prices climbing from around $290 in January to peaks of $724 this month. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXel4g8p-CErlsoXe9_5ayBP8vToeC_3ZU0IHwPjApoSVgI6D09SsRC6reLRNFoRSwpV9uH8MwqWmxCztjeeYyfPqbpvzaRNqAWyoBze1KVs2exL559tThpSRCyNKzXRySiFKTrk1IfIZWJrE2eoTyszZIG-?key=azMBj7eDGFclRoVsS3B5ig" alt="AD 4nXel4g8p CErlsoXe9 5ayBP8vToeC 3ZU0IHwPjApoSVgI6D09SsRC6reLRNFoRSwpV9uH8MwqWmxCztjeeYyfPqbpvzaRNqAWyoBze1KVs2exL559tThpSRCyNKzXRySiFKTrk1IfIZWJrE2eoTyszZIG ?key=azMBj7eDGFclRoVsS3B5ig">
 <figcaption class="wp-element-caption">
 BNB’s current price chat according to <a href="https://coinmarketcap.com/currencies/bnb/" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>
 </figcaption>
</figure> 
 This report comes after Zhao’s legal troubles with the U.S. Department of Justice (DOJ). In 2023, he faced charges for alleged sanctions violations and money laundering, leading to a <a href="https://www.cryptotimes.io/2023/11/21/binance-ceo-changpeng-zhao-to-resign-plead-guilty/" target="_blank" rel="noreferrer noopener">guilty plea</a>, a $50 million fine, and a <a href="https://www.cryptotimes.io/2024/05/01/binance-founder-cz-sentenced-to-4-months-in-prison/" target="_blank" rel="noreferrer noopener">four-month prison sentence</a>.

Forbes Report Unveils Changpeng Zhao (CZ) 94M BNB Holdings

The Crypto Times

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