{"id":138428,"date":"2024-10-03T12:30:37","date_gmt":"2024-10-03T09:30:37","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138428"},"modified":"2024-10-03T11:04:08","modified_gmt":"2024-10-03T08:04:08","slug":"what-happened-to-changpeng-zhaos-wealth-during-his-prison-stay","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/what-happened-to-changpeng-zhaos-wealth-during-his-prison-stay\/","title":{"rendered":"What Happened to Changpeng Zhao’s Wealth During His Prison Stay?"},"content":{"rendered":"

While in detention, Zhao’s estimated net worth saw a substantial decrease. Bloomberg<\/a> <\/strong>reported that his wealth dropped from approximately $36.5 billion on June 2 to around $30.8 billion by September 27. This assessment was conservative, as it assigned a zero value to his Bitcoin<\/a> <\/strong>and Binance Coin holdings and reduced the valuation of his equity in Binance.com by 50%, based on industry peers.<\/p>\n

In contrast, Forbes disagreed with Bloomberg’s calculations, suggesting that Zhao may have actually earned billions while incarcerated. Their estimate placed his net worth at $61 billion on the same date, implying a daily income of about $25 million over the four months.<\/p>\n

Forbes did not provide a detailed methodology but indicated that Zhao\u2019s net worth was $33 billion on May 7 and $57.8 billion by July 12. This discrepancy suggests Forbes included Zhao’s cryptocurrency holdings and applied a less conservative approach to valuing his equity.<\/p>\n