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$20 Billion To Bankrupt In 2 Days…

发布时间 2022-02-09 20:00:11    来源

摘要

If you were a billionaire, would you continue to focus on growing your wealth? Most people wouldn't as they would prioritize wealth preservation as opposed to wealth growth. Even the richest people in the world who took massive risks to get to where they are today wouldn't gamble with their entire net worth. But one man named Bill Hwang was not only willing to gamble his entire wealth but tens of billions of dollars worth of borrowed money. At his peak, Bill was gambling with $100 billion out of which only $20 billion was his own. This means that Bill was leveraged 5 to 1 and just a 20% drop in his positions would wipe out his entire net worth. Unfortunately for Bill, one of his positions crashed 50% which not only wiped out his entire wealth but also put his fund, Archegos, in $10 billion worth of debt. Unable to repay the debt, Archegos filed for bankruptcy last year, but the craziest part is that it all went down in just 2 days. This video explains the story of Bill Hwang and Archegos and how Bill lost $20 billion in 2 days. Socials: https://www.instagram.com/hariharan.jayakumar/ Discord Community: https://discord.gg/SJUNWNt Timestamps: 0:00 - The Billion Dollar Gambler 1:20 - Bill Hwang 3:41 - Tiger Cub 6:19 - Banned 8:36 - Archegos 11:17 - The Aftermath Thumbnail Credit: TrungTPhan https://bit.ly/3LkS7kq Resources: https://pastebin.com/5MfxJFs3

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