These billionaires have been the most impacted by the cryptowinter: Forbes400
, only four remain. The quartet are worth a collective $27.3 billion. Last year’s seven were worth $55.1 billion.
Amid the meltdown, some U.S. crypto moguls emerged as industry saviors. Others ‘bought the dip.’ And a few have taken up head-scratching new hobbies. to spend between $100 million to $1 billion during the 2024 election season on candidates that support “sane governance.”Bankman-Fried’s right-hand man, 29-year-old Gary Wang cofounded both Alameda Research and FTX, where he serves as chief technology officer. Though he keeps a lower public profile than Bankman-Fried, he’s been no less instrumental in the company’s rapid ascent. Wang owns about 16% of FTX, which is based in the Bahamas and about 16% of FTX’s U.S. arm.