Crypto billionaire Sam Bankman-Fried may not be able to claim the “billionaire” accolade anymore after an estimated 94% plummet in his personal wealth overnight, according to the Bloomberg Billionaires Index.
Bankman-Fried was once a high rider in Bloomberg’s wealth index, with an estimated net worth of $26 billion at his peak. However, the crypto entrepreneur is now no longer appears in the top 500.