4 ms·
> Will CZ be the richest person ever sent to Federal prison? Maybe because no bank execs ever go to jail?
by latchkey 3y ago
> Will CZ be the richest person ever sent to Federal prison?
Maybe because no bank execs ever go to jail?
- gvhst 3y agoEven if bank execs went to jail CZ is still wealthier
- blackhawkC17 3y agoNo U.S. bank executive is worth over $30 billion.
- latchkey 3y agoselect sum(us_bank_executives) where year >= 2007
- blackhawkC17 3y agoThe wealthiest American banker should be Andy Beal ($10 billion+), and that's because he wholly owns a big bank [1]. For reference, Jamie Dimon has been CEO of JP Morgan (America's largest bank) for nearly two decades and controls $1 billion in shares. Yeah, they're all mega-rich, but there's a big difference between someone having $1 billion and $30 billion. The latter can spend the former's entire assets in a year and still become wealthier over time. 1- https://www.forbes.com/profile/andrew-beal/?sh=468364783067 https://www.forbes.com/profile/andrew-beal/?sh=468364783067
- latchkey 3y agoBeal is a standout cause he actually predicted and prepared for the mess. https://www.forbes.com/2009/04/03/banking-andy-beal-business-wall-street-beal.html https://www.forbes.com/2009/04/03/banking-andy-beal-business... You're still pointing out individuals. In my eyes, the sum of the whole lot should have gone to jail long ago. Dimon and a whole bunch of other execs with him.
- mtmail 3y agoCharles Schwab is also said to be worth $10 billion.
- exe34 3y agoNot officially anyway, if their money is in tax havens.