Overpriced private equity investments, bad crypto trades, celebrity endorsers, etc. Pretty sure the marginal utility of Tom Brady having more money is minimal at best!
Michael Lewis tries to provide some rough estimates in the last chapter or two of “Going Infinite”. From memory, his answer is more or less along the same lines as Jason’s comment. Also, some of the money was stolen in hacks, and some has now gone to the bankruptcy lawyers etc.
Presumably could short the FTT token, which was a form of psuedo-equity in FTX.
For every dollar someone lost, someone else gained a dollar, I wonder where that money went.
Overpriced private equity investments, bad crypto trades, celebrity endorsers, etc. Pretty sure the marginal utility of Tom Brady having more money is minimal at best!
Michael Lewis tries to provide some rough estimates in the last chapter or two of “Going Infinite”. From memory, his answer is more or less along the same lines as Jason’s comment. Also, some of the money was stolen in hacks, and some has now gone to the bankruptcy lawyers etc.