In October 2021, Sam Bankman-Fried (SBF) was on the cover of Forbes magazine. Forbes estimated his net worth at $26.5 billion, making him one of the richest people in the United States, despite being only 29 years old. By October 2022, his wealth had declined considerably, due to the crypto-crash of the preceding year, which saw bitcoin fall from over $60K to less than $20K. However, his net worth was still over $10 billion.
FTX, Cryptomania and Fake Wealth
FTX, Cryptomania and Fake Wealth
FTX, Cryptomania and Fake Wealth
In October 2021, Sam Bankman-Fried (SBF) was on the cover of Forbes magazine. Forbes estimated his net worth at $26.5 billion, making him one of the richest people in the United States, despite being only 29 years old. By October 2022, his wealth had declined considerably, due to the crypto-crash of the preceding year, which saw bitcoin fall from over $60K to less than $20K. However, his net worth was still over $10 billion.