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How Bill Hwang and Archegos Lost $20 Billion
Wealth
The Big Take

The Man Who Lost $20 Billion in Two Days Is Lying Low in New Jersey

About 15 miles from midtown Manhattan, the head of Archegos is groping for answers in the wake of one of the biggest debacles in Wall Street history.

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.