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Sam Bankman-Fried Loses Billionaire Status After Net Worth Falls Jaw-Dropping 93% in One Day - Factz

Factz

Sam Bankman-Fried Loses Billionaire Status After Net Worth Falls Jaw-Dropping 93% in One Day

One of the world’s billionaires is a billionaire no more.

Sam Bankman-Fried, the FTX CEO, has lost a staggering 93% of his net worth in a single day.

The Bloomberg Terminal updated his net worth from $16B to $991M in a single day.

Bankman-Fried’s tumble from the platform of the elites comes as FTX’s native crypto coin dropped in value by 83%.

The coin has recovered somewhat, but many people are comparing Bankman-Fried to Mark Zuckerberg, who also saw a staggering amount of personal wealth evaporate over the past year.

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Truth
Truth
4 months ago

At some point we have to accept the fact that crypto is a hype currency. It will never work.

Goose
4 months ago

Look at this guy. I doubt he cares about $100 let alone billions.

rooster
4 months ago

This guy is worse than Maddoff and will get off Scott free