From Bankruptcy Black Hole to Billion-Dollar Mirage: SBF's 'Missed' Portfolio Allegedly Surges to $100 Billion

On April 23, it was reported that the investment portfolio established by FTX founder Sam Bankman-Fried (SBF) could have surpassed a total valuation of $100 billion if it had not been disposed of or frozen during bankruptcy proceedings. This stands in stark contrast to the estimated funding gap of $8-10 billion that FTX faced at the time. Among the most explosive assets are those in the AI sector. SBF had invested approximately $500 million in Anthropic, and based on current valuations, this stake may now be worth nearly $70 billion, becoming a core source of potential wealth growth. Additionally, his early financing stake in the AI programming company Anysphere (developer of Cursor), which was sold for $200,000 during bankruptcy, could now be valued at around $3 billion based on its current valuation of approximately $60 billion. In the realm of crypto assets, SBF invested about $60 million in SOL when it was around $8, which could be estimated to peak at around $2.1 billion based on historical highs. Furthermore, his investment of about $100 million in Mysten Labs (Sui) has now exceeded a valuation of $800 million. In traditional finance, SBF holds about 7.5% of Robinhood, which is currently valued at around $6 billion (with peak valuations reaching $10 billion). Analysts point out that SBF’s failure did not stem from poor asset selection—he had invested in high-growth targets in key sectors such as AI and crypto infrastructure—but rather from misappropriating client funds, losing control of risks, and regulatory collapse. This ‘missed $100 billion portfolio’ further reinforces the market’s understanding that in high-volatility, high-growth industries, asset allocation capabilities determine the ceiling, while risk control and governance capabilities determine survival.