Wealth & Money
How This ‘King of Crypto’ Lost More Money Than Anyone On Earth—($87 Billion Worth)
Bitcoin made him rich. But could it also be his ruin?
After celebrating a rockstar year in 2021, one billionaire rolled out of bed on New Year’s Day — worth $80 billion.
By mid-January, the man’s net worth grew to a mind-blowing $97 billion. Making him one of the ten wealthiest people in the world.
Fast forward a few short months. To mid-May 2022.
That same billionaire woke up in the morning, like he always does, ready to tackle the day and get down to business. But this time, he discovered his staggering fortune had nearly evaporated into thin air.
As of this writing, the King of Crypto’s net worth is valued at $11 billion.
Cryptocurrencies made him rich. Richer than most people could ever imagine. And then, in the blink of an eye, it all came crashing down.
But crypto — with its extremely volatile market conditions — also dealt him something else. An impressive title of notoriety.
The Man Who Lost the Most Money in History.
