Huobi Responds to CZ Making Top 20 on Forbes Rich List: Grateful for Recognition of Binance's Value, But Valuation Is Just That

BlockBeats News, March 11th, Binance CEO Changpeng Zhao Responds to "Forbes: CZ's Net Worth Rises to $110 Billion, Surpassing Bill Gates". Zhao stated that on the eve of transformation, the traditional financial sector thought that the crypto industry was the panacea, while the crypto industry thought that traditional finance was the panacea. It was probably some recent industry financing news, preparations for IPOs, and the market performance of already IPOed companies that made Forbes reevaluate Binance's value. We should still thank Forbes for its recognition, but valuation is just a valuation.

Earlier today, CZ responded on social media to the news of "Entering the Top 20 of the Forbes Billionaires List," stating that Bitcoin has dropped significantly from its high point, and Forbes' estimate is not accurate. "Don't they see how much the big cake has fallen? Get rich, for what?"

Previously, the latest Forbes Billionaires List showed that CZ's personal net worth had risen to about $110 billion, an increase of $47 billion from last year, ranking 17th in the global billionaire list, with wealth surpassing Bill Gates.