Core Insights - Zhao Changpeng, the founder of Binance, is ranked 13th on the 2025 Hurun Rich List with an estimated wealth of 190 billion RMB, which he disputes, suggesting it should be divided by 100 [1][4] - There is a debate within the crypto community regarding the true valuation of Zhao's wealth, with some arguing that Binance's profits are significantly underestimated, comparing them to Alibaba's [1][6] Wealth Estimation - The 2025 Hurun Rich List estimates Zhao Changpeng's wealth at 190 billion RMB, but the methodology for valuing private companies like Binance is complex and less transparent [4] - Zhao's comment about dividing his wealth by 100 challenges the credibility of the Hurun list and has sparked discussions about whether his wealth is overestimated or if he is intentionally downplaying it [4] Community Perspectives - Some crypto community leaders argue that the Hurun list's valuation is intentionally misleading and does not accurately reflect Zhao's wealth [6] - An analysis suggests that Zhao's family office, YZi Labs, manages around 10 billion USD, and Binance's revenue for 2024 is projected to reach 16.8 billion USD [6] Profit Calculation Controversy - Binance's token burn mechanism indicates that the company may have a quarterly profit of approximately 6.4 billion USD, based on the recent token burn valued at about 1.208 billion USD [6] - This profit estimation is compared to Alibaba's second-quarter profit of 4.678 billion USD, suggesting Binance's profitability could be higher [6] Valuation Methodology Issues - The core of the valuation debate lies in the assumption that the value of burned BNB tokens directly correlates with Binance's profits, which may not hold true if the company has altered its token burn policy [8] - Critics point out that Binance may have modified its white paper regarding the token burn rules, making it difficult to accurately estimate profits based on token burns [8][12] Financial Transparency - The lack of audited financial statements for Binance complicates the ability to ascertain its true financial status, making any estimates based on public data speculative [12]

Core Viewpoint - The article discusses the wealth estimation of Zhao Changpeng, the founder of Binance, as reported in the 2025 Hurun Rich List, highlighting the controversy surrounding the accuracy of this estimation and the implications for the cryptocurrency industry [3][8][10]. Group 1: Wealth Estimation and Rankings - Zhao Changpeng ranks 13th on the 2025 Hurun Rich List with an estimated wealth of 190 billion RMB, which has increased by 41% [3][4]. - The list includes other notable figures, with the top position held by Zhong Teng Teng at 530 billion RMB, reflecting significant wealth growth among the top earners [4]. - Zhao's wealth estimation has sparked debate, with some in the crypto community suggesting it is significantly underestimated [7][10]. Group 2: Controversy and Response - Zhao Changpeng publicly disputed the wealth estimation, suggesting it should be divided by 100, which would drastically alter perceptions of his financial status [6][9]. - The controversy has led to discussions about the transparency and accuracy of the Hurun Rich List, particularly for private companies like Binance [8][21]. Group 3: Profitability and Valuation - Analysis from the crypto community suggests that Binance's profits may be underestimated, with claims that the company's family office manages around 10 billion USD and projected revenues for 2024 reaching 16.8 billion USD [14]. - Binance's recent token burn, valued at approximately 1.208 billion USD, implies a quarterly profit of around 6.4 billion USD, surpassing Alibaba's reported profit of 4.678 billion USD for the same period [15][16]. - However, the methodology linking token burn value to profit has been questioned, as Binance may have altered its token burn rules, complicating accurate profit estimations [19][20].

Core Insights - Zhao Changpeng, founder of Binance, is ranked 13th on the 2025 Hurun Rich List with a wealth estimate of 190 billion yuan, although he disputes this figure, suggesting it should be around 1.9 billion yuan [1][4] - There is a debate within the crypto community regarding the accuracy of Zhao's wealth estimation, with some arguing that Binance's profits are significantly underestimated, comparing them to Alibaba's [1][6] Wealth Estimation - The 2025 Hurun Rich List estimates Zhao Changpeng's wealth at 190 billion yuan, but the methodology for valuing private companies like Binance is complex and less transparent [4] - Zhao's response to the Hurun list challenges its authority, suggesting that if his claim of dividing by 100 is accurate, it would drastically change perceptions of his wealth [4] Community Perspectives - Some crypto community leaders argue that the Hurun list's valuation is intentionally misleading and does not accurately reflect Zhao's wealth [6] - An analysis indicates that Zhao's family office, YZi Labs, manages around 10 billion USD, and Binance's projected revenue for 2024 is estimated at 16.8 billion USD [6] Profit Estimation - Binance's recent token burn on October 27, which destroyed tokens worth approximately 1.208 billion USD, suggests a quarterly profit of around 6.4 billion USD, significantly higher than Alibaba's second-quarter profit of 4.678 billion USD [6] - However, the validity of linking the token burn value directly to profits is debated, as Binance may have altered its white paper regarding the token burn mechanism [8] Financial Transparency - The lack of audited financial statements for Binance complicates the assessment of its true financial status, making any estimates based on public data speculative rather than definitive [11]