- Sam Bankman-Fried, a former CEO of FTX, lost his whole $16 billion fortune.
- At the beginning of the week, the 30-year-old had a net worth of about $16 billion.
- Bankman-Fried has resigned as CEO of FTX, which filed for bankruptcy on Friday, and will be followed by John J. Ray III.
Ex-FTX CEO Bankman-entire Fried’s $16 billion fortune was destroyed in a matter of days.
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