imagine if you are this guy. 1b is still good though, but from 15.6b to 1b? damn! that hurts.
crypto billionaire sam bankman-fried loses 94% of his wealth in 1 day.
'FTX CEO and name-brand crypto billionaire Sam Bankman-Fried has lost a stunning 94 percent of his net worth in a single day, Bloomberg reports
— a decline so precipitous that he's barely hanging onto the "billionaire" title at all.
In total, Bankman-Fried's net worth dropped from $15.6 billion to around just $1 billion. It's a stunning wipeout, representing the biggest wealth collapse ever identified by Bloomberg
FTX CEO Sam Bankman-Fried, who led one of the biggest exchanges in the world, has lost a stunning 94 percent of his entire net worth in a single day.