Summary: Su Zhu (@zhusu) was the Co-Founder and Chief Investment Officer (CIO) of Three Arrows Capital, a global macro hedge fund. The fund is now dissolved due to 3AC not being able to meet margin requirements from creditors. Prior to the fund getting liquidated, Su Zhu had an estimated net worth of $1 billion based on his crypto fund and other investments in high-end real estate in Singapore.
Su Zhu Background
Su Zhu is a prominent figure in the cryptocurrency and finance sectors, best known as the CIO of Three Arrows Capital, a leading hedge fund focused on global macro and digital assets. With an educational background from the prestigious Stanford University, Su possesses a deep understanding of the global financial markets. He has consistently demonstrated a knack for understanding the dynamics of the crypto world and has been a vocal commentator on various platforms about its growth and potential.
Born in China, Su Zhu moved to the United States to attend college. He received his bachelor's degree from the University of California, Berkeley, and went on to earn his MBA from the University of Chicago. After working in the financial industry for several years, Su co-founded 3AC in 2012. The hedge fund grew to become the most successful crypto investing fund. However, they recently collapsed due to bad debt and not being able to pay back loans.
Apart from his role at 3AC, Su Zhu has been actively involved in several initiatives to further the adoption and understanding of cryptocurrencies. He frequently shares insights on market trends, investment strategies, and the underlying technology of blockchain through interviews, podcasts, and articles. Additionally, he engages with the community on social media platforms, particularly Twitter, where he offers analysis and predictions on the cryptocurrency market's movements.
Su Zhu Net Worth
As of 2023, Su Zhu's net worth is estimated at around $1 billion. This valuation mainly originates from his investments in numerous tech enterprises, his earnings from his financial analysis endeavors, the sales from his various real estate in Singapore, his role at 3AC, and his extensive holdings in digital currencies. It's essential to understand that such wealth estimations can fluctuate due to the altering market values of assets, especially cryptocurrencies.
If you want to see what assets Su Zhu holds, you can track his crypto wallet on DeBank. Analysis shows that this wallet (tagged as 3AC on Nansen) has been aggressively paying back AAVE debt against its 223k ETH / $264mm position to avoid liquidation.
What Happened to Three Arrows Capital (3AC)?
On June 15, 2022, Three Arrows Capital founder and CIO Su Zhu reacted to rumors on Twitter that his firm had been overleveraged and had recently become insolvent. The inference drawn from this Tweet is that they are in the process of their insolvency and are looking to pay back creditors. However, it has been over a year, and no action has been taken since the incident. This indicates that it’s very unlikely the funds will be recovered and returned to investors.
How did Su Zhu Get Rich?
Su Zhu was a highly respected investor, and his views on the markets were often sought after by the media. He regularly contributed to CNBC, Bloomberg, and other financial news outlets. He gained notoriety after investing heavily in crypto markets before the DeFi boom in late 2020 and early 2021. Su and his Three Arrows Capital investment partner, Kyle Davies, turned a modest 8-figure fund into a 10+ figure fund that significantly multiplied their net worth.
Is Su Zhu Making a Comeback?
After the implosion of FTX, Su Zhu has become significantly more active on his Twitter account. He had begun to publically blame Sam Bankman Fried (SBF) for the demise of Three Arrow Capital, stating that SBF had shown Alameda Research their positions in an effort to stop them out and liquidate them. You can follow this story further on Su Zhu's public Twitter account.
To summarize, it is unclear what Su Zhu's net worth is post 3AC. Some sources report that he still has a large amount of money tied up in his own personal investments and assets, while others assume that with the liquidation of Three Arrows Capital, all of his funds were lost. Regardless of whether or not Su Zhu will make a comeback financially, he has certainly become a household name in the crypto world. His experience and expertise will no doubt be of great value to any investor or organization seeking to gain insight into this rapidly developing sector.