SBF Net Worth Down By 94%; Loses Billionaire Tag

SBF Net Worth Plummets 94% Overnight.

FTX head Sam Bankman-Fried lost nearly $15 billion from his personal wealth overnight.

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SBF is no longer in the top 500 on Bloomberg’s billionaire index.

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Bankman-Fried had an estimated net worth of $26 billion at his peak.

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This was the biggest one-day collapse ever among billionaires tracked by Bloomberg.

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Binance has signed a non-binding letter of intent to acquire FTX.

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The news sent FTT token spiraling down from around $18 to $5 within a few hours.

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Binance CEO CZ’s net worth did not change by much as he is currently ranked 87th in the Bloomberg billionaire index.

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