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> How on earth did he get £16Billion? He never had $16B. That was just bad reporting. He owns a large stake of FTX, which turned out to be worth zero, and he
by oldgradstudent 4y ago
> How on earth did he get £16Billion?
He never had $16B. That was just bad reporting.
He owns a large stake of FTX, which turned out to be worth zero, and he owns a large state of Alameda Research, which turned out to be worth zero as well.
He has some other assets, but according to reports, he also has a lot of debt.
His real net worth could easily be negative. That is lower than that homeless guy living under the bridge.
- NickRandom 4y agoI think the intent of the question was - How was x Billions invested in his company. Perhaps you misread?
- lofatdairy 4y agoThat's an important clarification, yeah. However, SBF did seem to receive $1.8 Billion in funding[^1]. Obviously that's an order of magnitude lower, but still an enormous sum and worth investigating in the autopsy. [^1]: https://www.bloomberg.com/news/newsletters/2022-11-10/sam-bankman-fried-sbf-was-seen-by-vcs-as-a-model-founder-at-ftx https://www.bloomberg.com/news/newsletters/2022-11-10/sam-ba...
- Bubble_Pop_22 4y ago> His real net worth could easily be negative. That is lower than that homeless guy living under the bridge. Oh puh-lease. Trump's net worth was supposedly -8 billions in the 90s. He used to say that "the homeless living across Trump Tower is richer than me". It's BS that people blurt out. This guy will never be a homeless living under the bridge
- deleted 4y ago[deleted]