Samuel Bankman-Fried
Over the past six months, the wealth of this American billionaire has shrunk by $20 billion. However, this is not the worst thing that happened to the FTX founder. In late 2022, the empire that took him 4 years to build collapsed in a blink of an eye, and Sam Bankman-Fried faced trial. He is now accused of fraud that triggered the FTX meltdown. Although Bankman-Fried pleaded not guilty, he faces a life sentence in prison.
Gary Wang
Gary Wang is Sam Bankman-Fried’s right hand as well as the co-founder and executive at the FTX cryptocurrency firm. Unlike his partner, Gary Wang has always kept a low profile. However, when the FTX scandal broke, he was caught in the middle. The former billionaire, whose fortune had been estimated at about $6 billion before the FTX collapse, was accused of fraud. He pleaded guilty and agreed to cooperate with investigators. Despite that, Gary Wang faces imprisonment for up to 50 years.
Elizabeth Anne Holmes
In 2003, 19-year-old Elizabeth Anne Holmes established the Theranos healthcare startup. The company’s innovative equipment was supposed to become a breakthrough in the field of blood testing. Holmes managed to attract multimillion-dollar investments. However, Theranos turned out to be a dummy firm. Charges were pressed against its founder who had a whopping $4.5 billion in her bank account at that time. In late 2022, the former billionaire was sentenced to 11 years in prison.
Nirav Deepak Modi
Indian businessman Nirav Deepak Modi used to be known as the "Diamond King." Many global celebrities used to wear jewelry made by his company. However, a scandal broke in 2018. India accused Nirav Deepak Modi who had almost $2 billion in his bank account of the largest banking scam in the country’s history. He was a fugitive in London for a while but failed to escape justice anyway. He is now imprisoned in the United Kingdom but may soon be extradited to India.
John Nat Kapoor
In the early 1990s, Indian-American businessman John Kapoor founded Insys Therapeutics, a pharmaceutical company involved in the production of opioids. In 2017, charges were pressed against the tycoon, whose fortune exceeded $3 billion. He was accused of illegally promoting an opioid pain reliever by bribing healthcare workers. In a few months, the court found Kapoor guilty and sentenced him to 5 years and 6 months in prison.
This month, the price of Bitcoin has soared to a record $89,000. Despite its constant volatility, BTC remains the most promising cryptocurrency since its debut in 2009. Many early investors who believed in Bitcoin's potential are now reaping the rewards of their foresight. Let's take a look at today's wealthiest crypto enthusiasts
Economic inequality remains one of the most pressing issues in today's world. To measure the gap between the rich and the poor in each country, the Gini index is used. This coefficient reflects how income is distributed within a society: the closer the index is to 100, the greater the inequality. Let's explore which countries currently have the highest Gini index values
This year has been pivotal for Bitcoin, the world's leading cryptocurrency. One of the key milestones was the approval of Bitcoin spot ETFs by the US Securities and Exchange Commission. In April 2024, Bitcoin also experienced a halving event, which is typically seen as a positive development for the digital asset. This year, the cryptocurrency is up 57%, and analysts remain optimistic about its future. However, they highlight four key factors that could influence Bitcoin's trajectory, both for better and for worse
