Former FTX CEO Sam Bankman-Fried lost money after his company collapsed and he was arrested. Michael M. Santiago via Getty Images
Once powerful CEOs have fallen from grace and lost their fortunes.
Some failed due to market changes, while others faced investigations and prosecutions.
MyPillow CEO Mike Lindell said he and his company lost “every penny.”
This is a machine translation of an article from our US colleagues at Business Insider. It was automatically translated and reviewed by a real editor.
The richer they are, the harder they fall.
John Foley, the former CEO of Peloton, can attest to this, having recently said that he lost all of his fortune. “My family has taken it well. My wife is super supportive. My kids are probably better off, if we’re being honest,” he told the New York Post in August.
He is not the only CEO who has made and lost millions of dollars.
5 former CEOs who lost everything:
Kimberly White/Getty Images for TechCrunch
Former Peloton CEO John Foley
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Theranos founder Elizabeth Holmes
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MyPillow CEO Mike Lindell
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FTX founder Sam Bankman-Fried
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Der Tyco CEO Dennis Kozlowski
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