Bill Hwang, The Man Who Lost $ 20 Billion In 2 Days, Now Lives Like This

Bill Hwang amassed one of the world's great fortunes in virtual secrecy - and then lost it, very publicly, in a blink.

He sits on the porch in a white plastic chair, a swing set out back, the lawn freshly mowed. Here in suburban Tenafly, 15 miles from midtown Manhattan, few would guess that this unassuming figure is none other than Bill Hwang - the man who just lost more than $20 billion. "Billion with a B?" gasps a neighbor down the block, when told of the epic blowup at Hwang's Archegos Capital Management. Yes, billion, with a B, as shocked lenders can attest. Four months after Archegos rocked global finance, bankers and federal authorities are still sifting through the wreckage. The liquidator who mopped up after Lehman Brothers has now come for Archegos. Some colleagues have turned on Hwang; others hope he'll bankroll hedge funds that might yet rise from the ashes.