BNB coin witnessed a remarkable surge of 15% in the past week, reaching an all-time high of $804 today. Former Binance CEO, Changpeng Zhao, celebrated this new record through his X account. The impressive rise in BNB has reignited discussions regarding Zhao’s wealth. According to last year’s estimate by Forbes, Zhao controls approximately 64% of the BNB supply, translating to around 95 million coins. Nearly all his portfolio comprises BNB, valuing his BNB holdings at $76 billion. Meanwhile, Bloomberg assesses his fortune based solely on Binance shares at $59.7 billion, positioning him 26th globally in wealth rankings.
Zhao’s BNB Holdings Stir Wealth Debate
Forbes contends that Zhao possesses around 95 million BNB tokens, indicating his control over 64% of its supply. Zhao has previously confirmed that nearly his entire portfolio consists of BNB, which at current altcoin prices, amounts to $76 billion. In addition to BNB, Zhao owns significant stakes in Binance and other assets.
Bloomberg calculates Zhao’s net worth at $59.7 billion, solely considering his company shares, and assigns the lowest confidence score to this estimate. The low confidence stems from the lack of public disclosure regarding Zhao’s personal crypto assets. Although the theoretical figure might be much higher, estimations remain speculative without official confirmation.
Altcoin Index Rises Amidst FOMO Warnings
The Altcoin Season Index shared by Zhao, powered by CoinMarketCap, currently sits at level 54. This level indicates altcoins gaining strength relative to Bitcoin 
$91,081. The upward trend in the index suggests a capital shift towards altcoins. The former Binance CEO predicts that this movement is far from over, alleging an imminent FOMO period where investors might panic and rush to buy.
Indeed, BNB’s record-breaking performance and the Altcoin Season Index data signal a heightened appetite for risk in the market. The 15% rise in BNB coin within a short period has grabbed investors’ attention, refocusing interest on the Binance ecosystem. Zhao’s recent statements serve as a catalyst, further fueling the optimistic sentiment prevalent in the market.
