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Sam Bankman-Fried No Longer a Billionaire After $14.6B Overnight Wipe-Out
- entropicgravity 4y agoSo not exactly a soft landing.
- phlipski 4y agoLive by the crypto, die by the crypto.
- fnordpiglet 4y agoHaving a net worth of 900m isn’t quite death
- uni_rule 4y agoWish I could afford to lose that much and still have that much. Then again, if I was born into that kind of money there is a decent chance I would be a significantly worse person.
- gregvab 4y agoNo longer part or the tres commas club
- big_elephant 4y agoif you round down he has zero billion
- jbirer 4y agoI don't really understand people who have lots of money and not spend it. Whenever I get paid from my remote jobs or a business venture I either travel or buy cool gear or things I want.
- motoxpro 4y agoSame reason they are able to go from being a billionaire to not overnight, they never had it in the first place. It would be like me saying "Your are worth 500,000 because of your house, why don't you spend it?" You don't have 500k, the thing you own is worth 500k. Much different than you getting paid and having money in the bank.
- europeanguy 4y agoNot everyone is about buying cool gear. There's other reasons why money is nice.
- unmole 4y agoHe lives in a oceanside luxury resort in the Bahamas and claims to have donated $100mn this year. I don't know how that compares to cool gear but it's safe to assume he gets plenty of utility from his money. https://www.ft.com/content/83bc681a-a0f9-43bb-b627-c6dacae4a0a3 https://www.ft.com/content/83bc681a-a0f9-43bb-b627-c6dacae4a...
- uni_rule 4y agoMost luxuries are a blip on the map at the scale these types work at, especially when hundreds of millions is considered the "low".
- djanogo 4y agoHopefully this will make him stop funding politicians in states that he doesn't live in (He was top 10 democratic donor for Beto).