FTX CEO No Longer Billionaire! Sam Bankman-Fried Lost  94% of his total wealth

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The FTX CEO lost an estimated $14.6 billion dollars – nearly 94% of his total wealth – according to the Bloomberg Billionaire Index.

The reduced estimate that takes away SBF’s billionaire status comes as the native token of the FTX exchange, FTT, fell over 83% to a low of just $2.67.

Before his company’s cash crunch, Bankman-Fried was worth an estimated $15.2 billion, but according to Bloomberg, $14.6 billion was wiped out overnight.