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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