SBF tumbles off Bloomberg’s billionaire index after trouble at FTX
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Crypto billionaire Sam Bankman-Fried may not be able to claim the “billionaire” accolade anymore after an estimated 94% plummet in his personal wealth overnight, according to the Bloomberg Billionaires Index.
Bankman-Fried was once a high rider in Bloomberg’s wealth index, with an estimated net worth of $26 billion at his peak. However, the crypto entrepreneur is now no longer appears in the top 500.
On Nov. 9, the outlet reported that his personal fortune is “likely” to be “eviscerated” should the sale of his FTX exchange to rival Binance go through.
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