Bloomberg: CZ’s personal wealth dropped to US$17.2 billion, an 82% drop from the peak

Given that Binance’s trading volume has been declining this year, the Bloomberg Billionaires Index lowered Binance’s revenue forecast by 38%, causing Binance founder CZ’s personal wealth to shrink by US$11.9 billion to US$17.2 billion. CZ's net worth reached a peak of US$96 billion in January 2022. Compared with that time, CZ's personal wealth has shrunk by 82%. (Bloomberg) According to previous news, "Forbes" data in December 2022 showed that since March 2022, 17 of the richest investors and founders in the cryptocurrency field have lost a total of approximately US$116 billion in personal wealth, of which 15 Ten people have lost more than half their personal wealth in the past nine months, with 10 losing their billionaire status entirely. Among them, CZ’s net assets have fallen by 93.07% compared to March, shrinking to US$4.5 billion. CZ responded at the time that he believed Forbes overestimated the value of crypto assets in March and ignored losses; and that they still overestimated the current net worth. CZ emphasizes that the ranking is based on "estimates" or "opinions." “You can’t be called a crypto insider without suffering large losses.”