![]() Wang owns about 16% of FTX, which is based in the Bahamas (where he and Bankman-Fried now live) and about 16% of FTX’s U.S. Though he keeps a lower public profile than Bankman-Fried, he’s been no less instrumental in the company’s rapid ascent. 227īankman-Fried’s right-hand man, 29-year-old Gary Wang cofounded both Alameda Research and FTX, where he serves as chief technology officer. Gary Wang Net worth: $4.6 billion Rank: No. He’s also made waves as a political donor, pledging to spend between $100 million to $1 billion during the 2024 election season on candidates that support “sane governance.” ![]() He’s been lobbying the Commodity Futures Trade Commission to allow FTX to directly clear derivatives transactions without intermediaries. In addition to becoming crypto’s lender of last resort, Bankman-Fried has kept busy building his profile in Washington. No matter: A leaked investor presentation last month revealed FTX ended 2021 with some $2 billion in cash on hand, and sources familiar say that Bankman-Fried is preparing to make more acquisitions. arm bought Canadian crypto exchange Bitvo, while another of Bankman-Fried’s companies, trading firm Alameda Research, loaned around $500 million to Voyager Digital, yet another struggling crypto lender (which later filed for bankruptcy). ![]() (BlockFi was valued at $3 billion pre-slump.) That same month, FTX’s U.S. In June, his FTX exchange loaned $400 million to BlockFi, which included an option to acquire the embattled crypto lender outright for up to $240 million. 41įor the wealthiest person in crypto, the slump has presented opportunities. Sam Bankman-Fried Net worth: $17.2 billion (down from $22.5 billion) Forbes 400 Rank: No. crypto billionaires who made this year’s Forbes 400, and those who fell short. Others ‘bought the dip.’ And a few have taken up head-scratching new hobbies. crypto moguls emerged as industry saviors. Tetragon is registered in the public register of the Netherlands Authority for the Financial Markets under Section 1:107 of the Financial Markets Supervision Act as a collective investment scheme from a designated country.Amid the meltdown, some U.S. Investment Company Act of 1940, and investors will not be entitled to the benefits of such Act. In addition, Tetragon has not been and will not be registered under the U.S. Tetragon does not intend to register any portion of its securities in the United States or to conduct a public offer of securities in the United States. persons unless they are registered under applicable law or exempt from registration. Securities Act of 1933 and may not be offered or sold in the United States or to U.S. The securities of Tetragon have not been and will not be registered under the U.S. This release does not contain or constitute an offer to sell or a solicitation of an offer to purchase securities in the United States or any other jurisdiction. For more information please visit the company's website at Tetragon: The company's non-voting shares are traded on Euronext in Amsterdam, a regulated market of Euronext Amsterdam N.V., and on the Specialist Fund Segment of the main market of the London Stock Exchange. ![]() It aims to provide stable returns to investors across various credit, equity, interest rate, inflation and real estate cycles. Tetragon's investment objective is to generate distributable income and capital appreciation. Where appropriate, through TFG Asset Management, Tetragon seeks to own all, or a portion, of asset management companies with which it invests in order to enhance the returns achieved on its capital. Tetragon is a closed-ended investment company that invests in a broad range of assets, including public and private equities and credit (including distressed securities and structured credit), convertible bonds, real estate, venture capital, infrastructure, bank loans and TFG Asset Management, a diversified alternative asset management business. Please click below to access the Monthly Factsheet. ![]() Please refer to important disclosures on page 3 of the Monthly Factsheet. Monthly NAV per share total return: 0.3%.Tetragon has released its Monthly Factsheet for August 2022. ![]()
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