Sam Bankman-Fried, the founder of crypto exchange FTX, had a net worth that had nearly vanished after it plummeted Friday as a result of a crisis that forced the company to declare bankruptcy. The Wall Street Journal reported on Monday that Bankman was worth an estimated $16 billion, making him one of the world’s top 100 richest people, citing the Bloomberg Billionaires Index, which tracks the net wealth of the world’s wealthiest people. However, prior to the bankruptcy announcement on Friday morning, FTX was valued at $1. “I sincerely apologise,” said Bankman, a major Democratic donor, in a flurry of tweets on Thursday. He also stated that he would continue to work to save the company.