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Bitcoin has lost 35% of its value since early April, and has now dipped below $27,000 for the first time since December 2020.
Binance exchange founder Changpeng Zhao, the world's richest crypto-businessman, lost $37.6 billion between March 11 and May 11, bringing his fortune to $27.4 billion.
Second on the list is FTX cryptocurrency co-founder Sam Bankman-Fried, whose fortune has dropped by $3 billion in the last two months to $21 billion.
Coinbase co-founder and CEO Brian Armstrong is ranked third, having lost $4.4 billion throughout the period (his fortune is now valued at $2.2 billion). Coinbase's other co-founder Fred Ehrsam lost $1.3 billion (his current fortune is valued at $0.85 billion), Forbes reported. He was ranked seventh on the list.
Chris Larsen, the co-founder and CEO of the blockchain business Ripple, saw his fortune plummet as well. In two months, it fell by $0.7 billion.
source: forbes.com
Binance exchange founder Changpeng Zhao, the world's richest crypto-businessman, lost $37.6 billion between March 11 and May 11, bringing his fortune to $27.4 billion.
Second on the list is FTX cryptocurrency co-founder Sam Bankman-Fried, whose fortune has dropped by $3 billion in the last two months to $21 billion.
Coinbase co-founder and CEO Brian Armstrong is ranked third, having lost $4.4 billion throughout the period (his fortune is now valued at $2.2 billion). Coinbase's other co-founder Fred Ehrsam lost $1.3 billion (his current fortune is valued at $0.85 billion), Forbes reported. He was ranked seventh on the list.
Chris Larsen, the co-founder and CEO of the blockchain business Ripple, saw his fortune plummet as well. In two months, it fell by $0.7 billion.
source: forbes.com
