May 21, 2021 / news

Forbes: Cryptocurrency Billionaires Lost $ 15.5 Billion During May 19 Drop


Forbes estimated that cryptocurrency billionaires lost a total of $ 15.5 billion during the crash on May 19. Data were taken over the past nine days, when almost all markets experienced a recession, ending with a serious fall on May 19.

The biggest losses incurred by the head of the FTX exchange Sam Bankman-Fried. His fortune fell by $ 5.2 billion (from $ 16.7 billion to $ 11.5 billion). Winklevoss brothers lost $ 900 million each, and the fortune of MicroStrategy CEO Michael Saylor fell 45% to $ 1.8 billion.

The co-founder of Ethereum, Vitalik Buterin, who had the status of a billionaire before the collapse, lost it after May 19 – now his capital is only $ 850 million.

However, the publication noted that despite the fall, the wealth of the richest people in the cryptocurrency industry is greater than it was a couple of months ago.

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