His remaining estimated wealth ($991 million) seems to mostly be based on his stake on FTX.us, which AFAICT has not been affected by today’s events. [ETA: also Robinhood stock.]
Today, Bloomberg updated its estimate of SBF’s personal wealth:
As for Bankman-Fried’s personal net worth: Following FTX.US’s announcement about a potential trading halt, its value was reduced to $1 by the Bloomberg Billionaires Index. Bankman-Fried owns about 70% of the business, according to the index. It had been valued at $8 billion in a January fundraising round.
A 7.6% stake in Robinhood Markets Inc. was also removed from his wealth calculation, after Reuters reported that it was owned through Alameda and may have been used as collateral for loans.
As a result, Bankman-Fried now has no material assets tracked by the Bloomberg wealth index. At the start of this week, his fortune was $15.6 billion.
Bloomberg now estimates that FTX and Alameda are both essentially worth $0, and that SBF is no longer a billionaire.
His remaining estimated wealth ($991 million) seems to mostly be based on his stake on FTX.us, which AFAICT has not been affected by today’s events. [ETA: also Robinhood stock.]
Today, Bloomberg updated its estimate of SBF’s personal wealth: