Citing Forbes Real Time Billionaires data, the report found that Zhao lost more than Mark Zuckerberg and Bill Gates combined, who both lost US$56 billion and US$23 billion respectively.
FTX cofounder Sam Bankman-Fried was worth an estimated US$24 billion before the collapse of the crypto exchange. Today, his net worth stands below US$1 billion, showing a staggering loss of US$23 billion in just three weeks. His business partner Gary Wang lost US$1.7 billion, with net worth standing at US$4.2 billion as of this week — down from a peak of US$5.9 billion.
Coinbase CEO Brian Armstrong suffered the third largest loss among the top five crypto moguls, with his wealth currently valued at US$1.9 billion, down from US$6.6 billion earlier this year.
The fifth wealthiest person in the crypto space Chris Larsen has seen his wealth shrink by US$1.3 billion in 2022. Statistics show that the wealth of the co-founder of Ripple was valued at US$4.3 billion a few months ago, before dropping to the current US$3 billion, Crypto Presales reports.
