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> ... possibly the fastest evaporation of such a vast personal fortune in all human history. That title would probably go to Zucc after the most recent set of
by arcticbull 4y ago
> ... possibly the fastest evaporation of such a vast personal fortune in all human history.
That title would probably go to Zucc after the most recent set of earnings. But the previous title holder was none other than Mr. Cyber Hornets himself, the man who just about popped the Dot Com bubble - Michael Saylor.
Saylor lost $6B in a single day (and $10B in 2 weeks) after reporting that his firm had cooked the books in 2000 and his 1999 profit was actually a loss. This was the largest single-day decline in history at the time. [1]
He was fined $8.2M banned from running a public company (just kidding, of course). [2] You'll never imagine what line of work he got into next.
[edit] $6B in 2000 dollars is ~$10.38B in 2022 dollars, and similarly the $10B over 2 weeks would be ~17.31B adjusting for inflation. So it looks like Mr Cyber Hornets still gets to slide in at number two.
[1] https://slate.com/news-and-politics/2000/03/michael-saylor.html https://slate.com/news-and-politics/2000/03/michael-saylor.h...
[2] https://www.sec.gov/news/press/2000-186.txt https://www.sec.gov/news/press/2000-186.txt
- pjc50 4y agoOh my god, I was around for the dotcom collapse and hadn't realised that Saylor was there and in the crypto scam ecosystem.
- arcticbull 4y agoYes he's got quite the nose for these things.
- thrasibule 4y agoBill Hwang of the Archegos blow up has got to be up there too. He lost 20bn in a couple of days.