Forbes’ list of billionaires for 2026 has become the talk of the town today. According to reports, Tesla CEO Elon Musk tops the list, while Binance founder CZ has risen to 17th place.
Forbes reported that CZ’s net worth has reached $110 billion, placing him 17th on the global richest list, surpassing Microsoft founder Bill Gates.
According to Forbes, the majority of CZ’s wealth comes from his stake in the cryptocurrency exchange Binance and his investments in digital assets.
However, CZ questioned how his wealth increased despite a 50% drop in cryptocurrency prices, stating that Forbes’ calculation was incorrect.
CZ denied Forbes’ report on its “World’s Billionaires” list. In a social media post, CZ stated that he hadn’t read the entire article but that even looking at the graph was enough to see it was wrong.
Questioning how his net worth could have increased during a period when cryptocurrency prices have fallen by more than 50% this year, CZ urged Forbes to use common sense and basic logic.
“I haven’t read the article, but you can tell it’s wrong just from the graph.”
“In 2026, cryptocurrency prices have already fallen by more than 50%, so it doesn’t make sense for my net worth to have increased. I hope they use some common sense and basic logic.”
CZ also responded to a user’s post implying that they amassed this fortune by shorting the October 10th crash.
CZ stated that he never opened a short position.
*This is not investment advice.
