After the October Flash Crash: Crypto Tycoons' Wealth Map Reorganized, Some Lose 6 Billion, Others Surge 149%

【Coinpush】The flash crash in the crypto market in October left many industry giants’ wallets drained.

According to the Bloomberg Billionaires Index, the asset that shrank the most over the past 12 months was Strategy Executive Chairman Michael Saylor—losing directly $2.6 billion, with his net worth dropping from its peak to $3.8 billion. It’s quite ironic; Strategy’s Bitcoin treasury strategy performed well when Bitcoin hit a new high in early October, but as Bitcoin retreated, Strategy’s stock price was cut in half from its high, and Saylor’s wealth evaporated by nearly $6 billion.

Saylor isn’t fighting alone. Gemini co-founders Cameron and Tyler Winklevoss, along with CZ, all suffered significant losses during the October plunge. CZ’s net worth has decreased by about 5% since early 2025, which doesn’t seem like much, but that’s 5% of $50.9 billion. The Winklevoss brothers fared much worse—assets shrank by 59% during the same period.

However, Bloomberg also reminded that in 2025, global billionaires gained approximately $2.2 trillion in new wealth, with 8 individuals contributing 25% of that increase. Although the crypto circle lagged behind in this wealth growth, the overall global wealth pool is still expanding.

An interesting comparison is that Circle CEO Jeremy Allaire is doing much better. Since June 4, his net worth has increased by about 149%, mainly benefiting from the US’s push for stablecoin payment policies. It shows how much policy direction can impact the fortunes of crypto figures.