This billionaire came from the sky to the ground, lost $14.6 billion in 24 hours


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FTX CEO Sam Bankman-Fried: There has been news of a billionaire becoming a pauper overnight. FTX CEO Sam Bankman-Freud has become a complete pauper in a single night. It sounds very strange but Sam’s net worth has dropped by about 94 percent in one day. The CEO of FTX was the owner of $15.2 billion, his net worth is $991.5 million in one night. According to Bloomberg, this is the biggest drop in the wealth of a billionaire in history.

one night game

The life of 30-year-old Sam Bankman-Freud came to a standstill in one night. This incident happened after he announced that he was going to sell FTX to Binance. In a tweet, Changpeng Zhao, head of the world’s largest crypto exchange platform Binance, told that he has made a deal to buy FTX. He said that FTX is a small crypto exchange and this exchange is going through a cash crunch.

the company was selling

According to CoinDesk, before the news of the FTX sale, Sam’s net worth was $15.2 billion. In a single night, his wealth decreased by $14.6 billion. This is a huge blow for the 30-year-old billionaire. The name of Sam SBF is famous on social media. In August, Fortune magazine addressed him as the next Warren Buffett.

This billionaire came from the sky to the ground, became a pauper in 24 hours

Who is Sam Bankman-Fried

Sam Banksman-Freud is the CEO of FTX. His parents are working as professors at Stanford Law School. Freud completed his studies from the world famous Massachusetts Institute of Technology (MIT). In 2017, he entered the world of cryptocurrency. Prior to this he worked as a broker on Wall Street. The CEO of FTX was the owner of $15.2 billion, his net worth is $991.5 million in one night. According to Bloomberg, this is the biggest drop in the wealth of a billionaire in history.

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english summary

FTX CEO Sam Bankman Fried lost everything in one night know details

Sam Banksman-Freud is the CEO of FTX. His parents are working as professors at Stanford Law School. Freud completed his studies from the world famous Massachusetts Institute of Technology (MIT).

Story first published: Friday, November 11, 2022, 9:35 [IST]





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