“It concludes a stunning fall from grace for Bankman-Fried, a former billionaire and one of the most public faces of the crypto industry.”
“Prosecutors had accused him of lying to investors and lenders and stealing billions of dollars from cryptocurrency exchange FTX, helping to precipitate its collapse.”
Since he stole it, why do they continue calling him a former billionaire?
The word billionaire just means you possess at least a billion dollars. How you acquired the money doesn’t enter into it. Pretty much all billionaires acquired a lot of their money through ill-gotten means.
I understand what the word means… And how you acquired it should matter. You wouldn’t call someone, who the only way they acquired a million dollars was stealing it from a bank, a millionaire would you?
“It concludes a stunning fall from grace for Bankman-Fried, a former billionaire and one of the most public faces of the crypto industry.”
“Prosecutors had accused him of lying to investors and lenders and stealing billions of dollars from cryptocurrency exchange FTX, helping to precipitate its collapse.”
Since he stole it, why do they continue calling him a former billionaire?
The word billionaire just means you possess at least a billion dollars. How you acquired the money doesn’t enter into it. Pretty much all billionaires acquired a lot of their money through ill-gotten means.
I understand what the word means… And how you acquired it should matter. You wouldn’t call someone, who the only way they acquired a million dollars was stealing it from a bank, a millionaire would you?
Yes, I would