CZ Eyes $10B Fund, Denies FT Report
Binance co-founder Changpeng Zhao, known as CZ, is making headlines with two significant developments as he prepares to begin his prison sentence. The first is a reported plan to open his immense personal fortune, estimated at over $10 billion, to outside investors. This vast portfolio, which has been built over years, is believed to consist of a diverse array of assets including cryptocurrencies, traditional equities, and venture capital investments. The move would represent a major shift, transforming CZ's personal holdings into a more formalized investment vehicle, potentially giving institutional and high-net-worth investors unprecedented access to the wealth generated by one of the crypto industry's most successful figures.