Former Binance CEO Changpeng Zhao reportedly owns 64% of the BNB token supply, making him the 24th richest person globally. Zhao’s 94 million BNB coins are worth over $56 billion at current prices.
Zhao also holds a 90% stake in the Binance exchange. Despite stepping down and serving a prison sentence, BNB has surged by 141% in the past 14 months, peaking at $717 earlier this month. The cryptocurrency has returned an astonishing 1,497,749% since its 2017 launch.
Compared to the S&P500’s 3,540% gains throughout its existence, BNB’s performance is remarkable. Reports suggest BNB could soon retest its all-time high and continue its bullish trend.
Zhao’s fortune may increase further during his four-month jail term. This highlights the strategic importance of cryptocurrency investments and their potential for significant returns.
