The Blubber

Per Business Insider

The once "most generous billionaire" says he's down to just $100k after FTX's implosion saying everything was tied up in the now-failed company describing his finances as complicated.

During the FTX fiasco, SBF's net worth dropped 94% from $15 billion to just $1 billion, per CNN. Now, the founder of the crypto platform says that the last time he checked, he was down to just $100,000.

SBF previously had a $100 million stake in Twitter while it was public but is now unsure what happened to it. He noted that Alameda was supposed to rollover "at least $20 million or more" as Elon Musk's acquisition of the social platform would turn it into a private company.

The FTX founder said there is also a possibility that the $100 million stake in Twitter was sold before the platform went private in late October. He also gave a disclaimer saying he couldn't confirm this.

Musk has been firm about SBF nor FTX having any stake in the now-private company, saying, "As I said, neither I nor Twitter have taken any investment from SBF/FTX." The Twitter CEO followed up his statement by saying SBF could have owned shares when the company was still public but not when it became private.

There is no confirmation as to when or if the shares were sold and whether the sale was reflected on SBF's personal account. There is also no confirmation as to the actual amount of the FTX founder's actual bank account.

At one point, Sam Bankman Fried had a net worth of $26 billion and was dubbed the most generous billionaire in a now private video by Nas Daily, per News.com.au. The video highlighted what was supposed to be his humble lifestyle before word broke out of the$121 million property portfolio under FTX's, SBF's parents, and senior-level executives' names, per Coin Telegraph.

In total, it was a portfolio of 19 properties in the Bahamas that were purchased over the span of two years. FTX attorneys said the company spent $300 million purchasing homes and vacation properties, per Reuters.

FTX's new CEO, John Ray, said in a US court filing that the FTX Group's corporate funds were used to purchase these properties, with the most expensive one in the portfolio being an Albany penthouse worth $30 million. The resort is popular for hosting Tiger Woods' yearly golf tournaments.

Per records, FTX Property president Ryan Salame signed the documents on March 17, listing it as a "residence for key personnel." Salame is also the co-CEO of FTX Digital Markets.

Resources:

Business Insider

Business Insider

CNN

News.com.au

Coin Telegraph

Reuters

See flow at unusualwhales.com/flow.