{"id":42831,"date":"2021-05-20T12:59:54","date_gmt":"2021-05-20T09:59:54","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42831"},"modified":"2025-08-31T00:57:23","modified_gmt":"2025-08-30T21:57:23","slug":"forbes-estimates-crypto-billionaire-losses-from-market-plunge","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/forbes-estimates-crypto-billionaire-losses-from-market-plunge\/","title":{"rendered":"Forbes estimates crypto-billionaire losses from market plunge"},"content":{"rendered":"

Against the backdrop of market crash in cryptocurrencies<\/a>, crypto billionaires lost a total of $15.5 billion, Forbes<\/a> calculated. The publication assessed the losses of major players in the sector over the past nine days.<\/p>\n

The biggest loss in dollar terms was borne by FTX head Sam Bankman-Fried. According to Forbes, on May 10 his fortune was valued at $16.7 billion, but after the market downturn it fell to $11.5 billion.<\/p>\n

The Winklevoss brothers have lost $900 million each since May 10. Michael Saylor’s fortune fell by 45% to $1.8 billion.<\/p>\n

Vitalik Buterin, due to the market crash, has lost billionaire status<\/a>. Forbes estimates his wealth at $850 million.<\/p>\n

Yet even in the current situation, the wealth of crypto billionaires remains higher than it was a few months earlier, the publication notes.<\/p>\n

In April, Forbes’ ranking of the world’s richest people<\/a> included 12 representatives of the cryptocurrency industry.<\/p>\n

Follow ForkLog’s Bitcoin news on our Telegram<\/a> \u2014 cryptocurrency news, rates and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"

Against the backdrop of the crypto market crash, crypto billionaires lost a total of $15.5 billion, Forbes calculated. The publication assessed the losses of major players in the sector over the past nine days.<\/p>\n","protected":false},"author":1,"featured_media":42832,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[34,1156],"class_list":["post-42831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-forbes","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=42831"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42831\/revisions"}],"predecessor-version":[{"id":42833,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42831\/revisions\/42833"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/42832"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=42831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=42831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=42831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}