FTX Founder Loses 94 Percent of $16 Billion Fortune

Don Ma
By Don Ma
November 9NTD Businessshare

The founder of FTX, Sam Bankman-Fried, has taken a colossal financial plunge.

He’s reported to have lost almost all of his $16 billion fortune around 94 percent of it. This could be the biggest ever single-day drop in net worth, among billionaires.