A recent Forbes report revealed that Changpeng Zhao (CZ), former CEO of Binance, holds a significant 64% of circulating BNB tokens, estimated to be around 94 million tokens. This substantial holding, combined with his 90% stake in Binance, puts the value of his assets at $61 billion, making him the 24th richest person in the world.

BNB, the native token of Binance, is used for fees and rewards on the platform. With a maximum supply of 200 million, over 153 million BNB tokens are currently in circulation. At the time of writing, BNB is trading at $603.56, with a market capitalization of over $89 billion, making it the third most valuable cryptocurrency.

CZ's legal proceedings have been well-documented, with a historic settlement in November 2023 resulting in a three-year prison sentence, later reduced to four months. He was found guilty of violating the Bank Secrecy Act and was fined $50 million, with Binance receiving a $4.3 billion fine. An independent consulting firm will monitor Binance's activities for the next three years.

In conclusion, CZ's significant stake in BNB tokens solidifies his position as a major player in the cryptocurrency market. As the market continues to evolve, the value of his assets and the future of Binance remain closely watched by investors and enthusiasts alike.