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00:00Changpeng Zhao has gone from flipping a burger in McDonald's to founding Binance s the world's largest cryptocurrency exchange. Zhao, or CZ as he's more commonly known among crypto enthusiasts, is now worth at least 100 billion dollars. That's according to Bloomberg Billionaires Index. When he sat down with Bloomberg's editor at large Erik Schatzker back in November he said he's not motivated by wealth. I don't really care about wealth money and also rankings etc. I also eat a I think I believe the Forbes interview just a couple days ago. I said I'm happy to. Will to donate maybe 9 percent of my wealth away. I always say it's easy to say you don't care about wealth when you have bucket loads of it often. Was the byline see that meteoric rise on this subject. It is the big take. And here to discuss it we're joined by IBM across US markets editor Joanna Austin. Joanna it's amazing how you know this time last year people were so pooh poohing crypto assets. Now it's gone mainstream. So let's talk about sees that. How did he make all the money. Well Magnus he's just done a great job of writing that crypto wave finance has done really well in an environment that didn't have a lot of regulation. They came out after some other exchanges had some issues in 2014 2015 2016 and they have a pretty good user experience. People like using finance when when jurisdictions are cut off from finance which they now sometimes are because of regulation. People are sad about it. They want to keep using it. So it has done really well. Overall it's still huge compared with any other rivals. And Sisi of course as one of the co-founders as the CEO owns quite a lot of.

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Binance CEO Changpeng Zhao Is Worth Over $100 Billion

Binance CEO Changpeng Zhao has gone from flipping a burger in McDonald's to founding the world's largest cryptocurrency exchange. Zhao is now worth at least $100 billion, according to the Bloomberg Billionaires Index. Joanna Ossinger reports on "Bloomberg Daybreak: Europe." (Source: Bloomberg)

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