Binance CEO Changpeng Zhao wanted to donate 90-99 percent of his fortune 
Binance CEO Changpeng Zhao wanted to donate almost all of his fortune. The head of the largest crypto exchange in terms of trading volume said this in an interview with Associated Press.
Zhao noted that he considers himself a financially free person, since he does not need a lot of money to maintain a comfortable lifestyle. “I really intend to give away most of my fortune, as many wealthy entrepreneurs have done,” Zhao said. The head of Binance intends to donate 90, 95 or 99 percent of his fortune.
Forbes estimates Zhao's fortune at $ 1.9 billion. The CEO himself does not consider himself a good investor. “I don’t actually invest much. I'm one of the worst role models, ”Zhao said. He added that he bought bitcoins in 2014 and left most of it in his portfolio. Zhao is also the largest shareholder of the Binance exchange and owns Binance Coin tokens. The head of the crypto exchange deliberately does not buy shares in other projects, because he wants to avoid a conflict of interest.
In early November, Tesla CEO Elon Musk also thought about charity. The businessman announced his readiness to sell shares worth six billion dollars and donate this amount to the fight against hunger. At the same time, the billionaire demanded proof from the World Food Program (WFP) that this amount would help solve the problem, and also asked to publish the estimates.