By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
  • Home
  • News
    • Cryptopedia
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
    • Latest Metaverse & NFT News
      • Metaverse & NFT Games
      • Virtual Land
    • Exchanges News
    • Policy & Regulation
  • NFT Collection
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Web Stories
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
  • Videos
  • Events
    • Metaverse Events
Search
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit Press Release
  • Submit NFT Project
© 2022 NFTStudio24.com News Network. All Rights Reserved.
Reading: Crypto contagion strips crypto billionaires’ net worth over the year
Share
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Search
  • Home
  • News
    • Cryptopedia
    • Latest Metaverse & NFT News
    • Exchanges News
    • Policy & Regulation
  • NFT Collection
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Web Stories
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
  • Videos
  • Events
    • Metaverse Events
Have an existing account? Sign In
Follow US
  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
HOME > News > CRYPTOPEDIA > Crypto contagion strips crypto billionaires’ net worth over the year
CRYPTOPEDIANews

Crypto contagion strips crypto billionaires’ net worth over the year

news room
Posted news room December 26, 2022 99 Views 2 Min Read
Updated 2022/12/26 at 8:54 PM
Crypto contagion strips crypto billionaires net worth over the year
SHARE

2022 has been a rollercoaster ride of scandals, bankruptcies, Ponzi scheme reveals, and the dreadful crypto winter that doesn’t seem to melt. 

Contents
1. Changpeng Zhao2. Sam Bankman-Fried3. Brian Armstrong4. Gary Wang

Forbes report shows that 10 billionaires lost their status while 3 became penniless, and a total of 17 well-known personalities have lost $116B worth of net worth since March.

Here are the top 4 billionaires who lost and halved their wealth during the market crash and all-time low prices:

1. Changpeng Zhao

The founder and chairman of Binance, the world’s largest exchange, Changpeng Zhao had a net worth of $65 billion in March. The platform has come under the radar for hiding finances despite the constant denial; nonetheless, the crypto winter drained out CZ’s wealth to $4.5 billion as of December 2022. 

2. Sam Bankman-Fried

Featured in Forbes Under 30, the rich entrepreneur and businessman who turned out to be involved in the Ponzi scheme when the FTX exchange collapsed. His net worth was almost $24 billion in March but after the price of the FTT token pummeled down and FTX went insolvent, he lost 100% of his wealth within a week. 

3. Brian Armstrong

The CEO of Coinbase, Brian accumulated $6 billion in wealth in March, the drop in Bitcoin, Ethereum, and altcoins, especially LUNA/UST and FTT tokens, cost him 4.5 billion dollar loss, and he’s left with only $1.5 billion in his wallet. 

4. Gary Wang

Co-founder of FTX and executive in Alameda Research, Gary Wang is yet another billionaire to whom the crypto crash and insolvency didn’t spare. Having $5.9 billion in net worth, Wang lost all his wealth. Now, he has been criminally charged by the US Court. 

Other personalities are mentioned in the image below:

Source: Forbes
Source: Forbes

Source: Forbes

Sign Up For Daily NFT Drops

Don't miss the next NFT drops!!!
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article NFTStudio24 Strategic Partnership with India Blockchain Alliance NFTStudio24 Strategic Partnership with India Blockchain Alliance
Next Article NFTStudio24 Media Partnership with Blockchain FEST Singapore 2023 1 NFTStudio24 Media Partnership with Blockchain FEST Singapore 2023
Leave a comment

Leave a Reply

You must be logged in to post a comment.

Don’t miss the NFT Drops! Sign up Now

I have read and agree to the terms & conditions

Latest News

Premier League to unveil NFT trading cards with Sorare 2
Premier League to unveil NFT trading cards with Sorare 
LATEST NFT NEWS & METAVERSE News February 1, 2023
Ordinals Protocol jolts controversy over Bitcoin NFTs 1
Ordinals Protocol jolts controversy over Bitcoin NFTs
LATEST NFT NEWS & METAVERSE News February 1, 2023
maxresdefault 1
Metaverse is the Web3’s killer app: Interview with Barn & Edward
INTERVIEW February 1, 2023
Join us
Ad imageAd image

You Might also Like

Premier League to unveil NFT trading cards with Sorare 2
LATEST NFT NEWS & METAVERSENews

Premier League to unveil NFT trading cards with Sorare 

February 1, 2023
Ordinals Protocol jolts controversy over Bitcoin NFTs 1
LATEST NFT NEWS & METAVERSENews

Ordinals Protocol jolts controversy over Bitcoin NFTs

February 1, 2023
Amazon embraces NFTs new games initiatives coming soon
LATEST NFT NEWS & METAVERSENews

Amazon embraces NFTs, new games & initiatives coming soon

January 31, 2023
SEC rejects Ark and 21Shares Bitcoin ETF Proposal again
LATEST NFT NEWS & METAVERSENews

SEC rejects Ark and 21Shares’ Bitcoin ETF Proposal again

January 31, 2023
//

NFTStudio24 delivers the latest NFT news to its global audience. We are committed to reporting mainstream and emerging talent via exclusive press releases, podcast interviews, NFT rankings, and much more.

GET IN TOUCH

  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy

Experts Alliance

  • Experts Alliance
  • About Alliance
  • Alliance Benefits
  • Membership requirements
  • Apply Alliance
//

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Follow US

© 2022 NFTStudio24.com News Network. All Rights Reserved.

Removed from reading list

Undo
Join us metaverse Join us metaverse
Welcome Back!

Sign in to your account

Register Lost your password?