Bill Hwang – Undisclosed
The renowned European bank Credit Suisse was under a lot of pressure in 2022, with reports of mispractice and fraud coming from outlets as respected as The Guardian and Al Jazeera. Curiously, though, the bank’s fall from grace started in March 2021, when one single investor lost $20 billion in ten days.
His name? Bill Hwang. His risky moves in the market proved to be unwise, and his ten-day bad luck imposed huge losses both on Credit Suisse and Nomura, Japan’s oldest brokerage firm. Before the well-publicized financial disaster, Hwang was said to be worth between $10 billion and $15 billion. Today, his exact net worth’s a mystery.