Wealth Evisceration: Sam Bankman-Fried Loses Massive Fortune in Day

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Diablo

Wealth Evisceration: Sam Bankman-Fried Loses Massive Fortune in Day

· sam bankman - fried , former ceo and founder of collapsed crypto exchange ftx, is down to $100,000 from the approximately $17 billion he was worth in early november. · ftx ceo sam bankman - fried , who was worth $16 billion earlier this week, saw his fortune gutted by 94% to $1 billion on tuesday. Ftx ceo’s net worth plummeted 93% from $16 billion to $991 million, according to the bloomberg billionaires index. · election night may have been rough for quite a few democrat politicians, but perhaps none so much as their benefactor, sam bankman - fried. It marks the biggest wealth collapse a billionaire has ever. · sam bankman - fried is no longer a billionaire. · according to wall street journal, bankman - fried , who earlier this week had a personal fortune of $15. 6 billion is now only worth roughly $991. 5 million. · sam bankman - fried has been sentenced to 25 years for stealing billions of dollars from customers of his cryptocurrency exchange ftx. Once touted as the next warren buffett, friedman managed to lose nearly 94% of his estimated $15. 6 billion fortune on election day. At his peak, bankman - fried had a personal fortune of $24 billion and was listed as the second- wealthiest crypto billionaire in the world on forbes magazines annual wealthiest list, which was.

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