Billionaires are getting busted all over

Stepping into the limelight as the next up-and-coming billionaire brings a lavish lifestyle and a lot of media attention. But is being called the next Warren Buffett or Bill Gates a compliment or something else? Some wonder if being compared to the Oracle of Omaha in print is a curse, similar to the Sports Illustrated cover jinx or Madden curse in sports. Here are the hyped-up billionaires that went bust in this week’s Five for Friday.

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#5: Sam Bankman-Fried

Just a few months ago, FTX founder Sam Bankman-Fried was getting mountains of attention. He had an estimated net worth of $16 billion and Fortune ran a cover story pondering whether he was the next Warren Buffett. Mere months later, FTX is bankrupt and under investigation by the Securities and Exchange Commission and Department of Justice while Bankman-Fried has lost it all.

#4: Allen Stanford

Financier Allen Stanford was once worth over $2 billion before being taken down by the federal government in 2009 for operating a $7 billion ponzi scheme over two decades. Stanford is now serving 110 years in prison and is worth nothing. Recently, it came out that a court-appointed receiver has been able to recoup $1 billion for victims of Stanford’s fraud.

#3: Maurice “Hank” Greenberg

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