Zhao questions Forbes wealth ranking amid 50% crypto drop

Binance founder Zhao Changpeng has refuted a Forbes report on its "World's Billionaires" list. In a post on X, Zhao stated that while he had not read the full article, a glance at the accompanying chart was enough to see it was incorrect. He questioned how his net worth could have increased when cryptocurrency prices have fallen by more than 50% this year, urging the publication to apply common sense and basic logic. Forbes had previously reported that Zhao's net worth had reached $110 billion, placing him 17th on the global rich list and ahead of Microsoft founder Bill Gates.