Forbes' calculation of Zhao Changpeng's wealth also includes user assets as part of the boss's personal wealth. Today, Binance's $BTC, $ETH, $USDT, and $USDC alone exceed $100 billion. Just to sound professional, they call it 'equity value.' If we really calculate based on equity and stock indices: By 2025, Binance's revenue could hit $17 billion. For a money-printing machine like Binance, shouldn't it be valued at 20x or 30x PE? That would make Binance worth $340 billion. If we consider 90% equity ownership, CZ's net worth would be 2 trillion RMB? And honestly, I think a 50x PE for Binance wouldn't be excessive. Ten years from now, assuming a 10% annual growth rate, Binance's revenue from transaction fees alone could surpass 1 trillion RMB. I think that's still a reasonable expectation. By then, at a 20x PE, if Boss Zhao still holds 90% equity, I think his equity value could reach 18 trillion RMB So yeah, Forbes really doesn't get it. It's meaningless.