FTX’s Sam Bankman-Fried loses billionaire status amid crypto wipeout

Yahoo Finance Video

Wed, Nov 9, 2022, 10:08 AM

Yahoo Finance's Brian Sozzi breaks down the stat of the day indicating that crypto billionaire Sam Bankman-Fried's net worth has dropped to $990 million.

Video Transcript

BRIAN SOZZI: From billionaire to millionaire in just a few hot hours, Binance's purchase of distressed rival FTX has hammered the net worth of FTX co-founder Sam Bankman-Fried. The puffy-haired Bankman-Fried saw his net worth plunge to $990 million from 16 billion on Tuesday, according to the Bloomberg Billionaires Index. Brad really liking my joke there.

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FTX’s Sam Bankman-Fried loses billionaire status amid crypto wipeout

Video Transcript

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