China’s Crypto Trading App Binance’s CEO Beats India’s Mukesh Ambani and Becomes Asia’s Richest Person

According to recent estimations from the Bloomberg Billionaires Index, Changpeng “CZ” Zhao, the founder of the cryptocurrency exchange Binance, has joined the ranks of the world’s top billionaires, with a net worth of at least $96.5 billion.

Zhao’s estimated worth is now just behind Oracle founder Larry Ellison and barely ahead of Indian tycoon Mukesh Ambani, whose fortune has risen dramatically in the last two years. In the fast-moving world of digital currencies, the rise of the Chinese-Canadian entrepreneur is typical of the rapid production of riches.