UtterAI Test Widget
16+ CR GTD
MPL Poker
Read the latest issue of our e-Magazine
Pokersaint
Crypto CEO ChangPeng Zhao's Riches Came From A Poker Game? Poker
Manthra Koliyer
Posted on 11 Jan, 2022
By Manthra Koliyer
On 11 Jan, 2022
Share
By Manthra Koliyer
On 11 Jan, 2022
Share

Crypto CEO ChangPeng Zhao’s Riches Came From A Poker Game?


This is surely a tale each of you would love to hear. Stories of people making boatloads of money will never go out of fashion and here’s one that we recently came across. Changpeng Zhao, CEO of Binance, a cryptocurrency exchange company says that he owes his incredible fortune to the fortune he earned in a single night by playing poker. According to Bloomberg, the former Macca’s worker acquired his enormous wealth ‘practically overnight.’ As per the Bloomberg Billionaires Index, his net worth is pegged at US $96 billion or above. 

The poker game was hosted in 2013 and Zhao was up against former BTC China CEO Bobby Lee and investor Ron Cao. During this game, Zhao learned about cryptocurrency. The duo also urged him to invest 10% of his net worth in Bitcoin. Zhao was totally convinced by this and ended up going all-in so much so that he even sold his Shanghai home for Bitcoin. He dedicated his entire life to cryptocurrency before founding his exchange company Binance in 2017. 

Crypto CEO ChangPeng Zhao's Riches Came From A Poker Game?

While he did face several setbacks earlier when the price of Bitcoin kept fluctuating. But just 180 days after founding Binance, the firm emerged as the world’s leading crypto exchange brand. As per Binance’s blog, “In just six months after its launch, Binance jumped to No. 1 in the crypto exchange rankings, and it stays in that position up to this day.”

As per these statistics, Zhao’s wealth is on par with that of billionaire Larry Page and Mark Zuckerberg. Zhao, 44, was born in China and launched his company in China before the Chinese government made it go away.  Despite the crackdown by US and UK authorities, the company now rakes billions in revenue per year.  

For more news and updates, keep reading Gutshot Magazine. Follow us on Facebook, Instagram, Twitter, and Telegram.

Sign Up On 9stacks With Gutshot & Get 200 Welcome Bonus For FREE



More News

10 Poker Tips That Will Make You a Better Player – Part 1
Poker
25 Jul,2018 

10 Poker Tips That Will Make You a Better Playe...

4 Tips to Help You Win More at the Online Poker Tables
Poker
26 Mar,2018 

4 Tips to Help You Win More at the Online Poker...

All-in Poker Tactics
Poker
5 Jun,2018 

Active Tips for All-in Poker Tactics


Comments

Leave a Reply

Your email address will not be published.

SUBMIT YOUR ARTICLE


    • Accept .doc, .docx, .pdf, .txt files only. and Max file size 20MB.

    Natural8 Micro Millions Sign-up bonus

    SUBMIT YOUR ARTICLE


      • Accept .doc, .docx, .pdf, .txt files only. and Max file size 20MB.

      Natural8 Micro Millions Sign-up bonus