As the co-founder of Three Arrows Capital, Zhu Su has made a name for himself as an early stage investor in the cryptocurrency industry. But with the collapse of Terra and eventually Three Arrows Capital, also came controversy and accusations of against Zhu and his co-founder Kyle Davis. In this article, we will delve into the rise and fall of Zhu Su while also providing our estimation of his current net worth.
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Who Is Su Zhu?
Zhu Su was born in China and immigrated to the United States with his family when he was six years old.
He attended Phillips Academy Andover, a prestigious boarding school in Massachusetts, where he graduated with a perfect GPA.
He then attended Columbia University, where he earned a bachelor's degree in mathematics with honors.
Zhu Su
Zhu holds a Bachelor's degree in Economics from the University of Chicago and a Master's degree in Finance from the London School of Economics.
He has also published research papers on topics such as monetary policy, financial regulation, and international trade.
After graduating from Columbia, Zhu worked as a derivatives trader at Credit Suisse in Tokyo.
He was laid off during the financial crisis of 2008 and then moved to Singapore to work as a trader at Flow Traders, a high-frequency trading firm.
What is Zhu Su known for?
In 2012, Zhu and Davies co-founded Three Arrows Capital. The company quickly became one of the most successful cryptocurrency hedge funds in the world, and it managed billions of dollars in assets at its peak.
Three Arrows Capital specialized in derivative market arbitrage and has a strong presence in the cryptocurrency sector.
Zhu Su Three Arrows Capital
Under Zhu Su's leadership, the firm become well-known for its investments in decentralized finance (DeFi) projects such as Avalanche, Trader Joe, Terra and many others.
However, 3AC filed for bankruptcy in June 2022 after being unable to meet its margin calls. Zhu is now a controversial figure in the cryptocurrency industry.
How did Zhu Su become rich?
Three Arrows Capital managed about $10 billion in cryptocurrency assets at its peak in March 2022. However, the company's value plummeted in the following months as the cryptocurrency market crashed.
In June 2022, Three Arrows Capital filed for bankruptcy after being unable to meet its margin calls.
The company's downfall was largely attributed to its heavy exposure to TerraUSD, a stablecoin that lost its peg to the US dollar in May 2022.
Zhu Su Prison Time
Three Arrows Capital was one of the largest investors in TerraUSD and its collapse wiped out a significant portion of the company's assets.
Prior to Three Arrows Capital, Su Zhu worked as a trader and portfolio manager at various Wall Street firms, including Goldman Sachs and Credit Suisse.
What is Zhu Su net worth?
It is difficult to say what Zhu Su's net worth is today after the collapse of Three Arrows Capital.
The company's bankruptcy filing did not disclose the personal financial information of its founders, and Zhu has not made any public statements since the collapse.
One way or another, Zhu's net worth has been significantly reduced by the collapse of Three Arrows Capital.
The company was reportedly worth $10 billion at its peak in March 2022. When it filed for bankruptcy in June 2022, the company only had $250 million in assets.
It is also worth noting that Zhu is facing legal action from creditors who are owed money by Three Arrows Capital. These creditors could potentially seize Zhu's personal assets if he is unable to repay them.
In other words, we are not particularly bullish on the current or future net worth of Zhu Su considering he will likely be involved in future controversies with creditors chasing him and Kyle Davis.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
