Re:Sam Bankman-Fried vs. the Match King
by lofatdairy on Sunday November 13, 2022 @01:09PM
(#33585630)
That'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-ba...
Re:Sam Bankman-Fried vs. the Match King
by NickRandom on Sunday November 13, 2022 @01:07PM
(#33585602)
I think the intent of the question was - How was x Billions invested in his company. Perhaps you misread?
Re:Sam Bankman-Fried vs. the Match King
by Bubble_Pop_22 on Sunday November 13, 2022 @01:21PM
(#33585750)
> 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
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.