The richest man in the world of crypto is named CZ. He was born in China and grew up in Vancouver, Canada but lives in Dubai. He has made over $60 billion from crypto, making him the richest crypto billionaire.
Just recently, CZ’s passion and focus to build on impactful things in the world led to Binance’s investment in Elon Musk’s $44 billion acquisition of Twitter, according to data filed with the US Securities and Exchange Commission. As the Binance CEO Changpeng Zhao took to Twitter subsequently after the filing became public, to describe the company’s investment as a “small contribution to the cause.”
His story!
CZ’s journey to becoming the world’s richest crypto billionaire began while playing Poker in 2013 with his friends. Then, one of his friends asked “Hey! Have you heard about Bitcoin”.
Bitcoin was new then and CZ didn’t know anything about it. So, when he heard it, he was curious about knowing what exactly it was. In a conversation with two of his friends, they mentioned that Bitcoin is the the money for internet.
However, most people will keep playing poker and laugh about Bitcoin, but CZ wanted to understand what Bitcoin was.
He went ahead to download the white paper of bitcoin, printed it, and read every single word in it. A few months later, he became convinced that crypto was going to be the future and it has come to stay.
He mentioned that he always knows now when things come to stay as he mentioned, “When I first used the e-mail, I knew it would stay”, “When I used the social media, I knew it would stay”, he had a very strong conviction that cryptocurrency had come to stay.
CZ then sold his entire apartment for $1million and invested it in bitcoin. And, his friends thought that he was crazy for selling his apartment in shanghai. He also quit his job…. So, CZ was jobless and homeless.
His friend was right because he was Two months into investing in Bitcoin, Bitcoin crashed by 70% and he lost $700,000. His mum called him stupid and he should try getting a nice corporate job.
However, as at then -2013, and 2014, CZ saw investment in Bitcoin as a unique opportunity since it was an early stage and only a small number of people got it. So, he told himself he wasn’t going to miss the opportunity because it was a lifetime one.
He stopped playing poker, stopped all his hobbies, quit his job, and left his friends.
He dedicated so much time to learning blockchain technology as he studied from 9 am to midnight 7 days a week for 5 years.
Eventually, he started the biggest business that made him a crypto billionaire as he began a crypto exchange called Binance, where people can buy and sell crypto to each other.
This crypto exchange blew up and in 5 years, became the biggest crypto exchange in the world with more than 100 million users.
He was extremely surprised by what the business had grown to become, because, he aimed for the world’s top ten exchange in 3 years.
However, they got there in 6 months as the top one and since then, Binance has maintained being the world’s biggest crypto exchange, making CZ the richest man in crypto, worth over $60 billion in 5 years.
According to CZ, what he is more passionate about is building products that people would use and not money.
His conviction about cryptocurrency changed the world of finance and earned him the biggest achievement of being the world’s richest man in crypto.
