Hurun Research Institute: The crypto industry has created 23 billionaires, with Zhao Changpeng ranking 12th among Chinese entrepreneurs.

PANews reported on March 6 that, according to the latest "Rich List" released by the Hurun Research Institute, Binance founder Changpeng Zhao has been listed among the "Top 20 Chinese Entrepreneurs" with a fortune of 200 billion yuan, ranking 12th on the list and 76th in the world.

Hurun Research Institute points out that there are currently 23 known individuals in the global cryptocurrency field with a net worth of over one billion US dollars. Among them, Zhao Changpeng's wealth increased by more than 30% to 200 billion yuan, Ripple's Chris Larsen's wealth returned to 110 billion yuan, and Nikolay Storonsky of the fintech platform Revolut saw his wealth surge by 122%.

The report also mentioned that the most dramatic shift in the industry came from Tether: its lean core team achieved a business breakthrough by linking stablecoins to US Treasury bonds, outperforming Wall Street investment banks.