Citgroup chief saw net worth disappear

Former Citigroup CEO Chuck Prince on Thursday said his net worth has "disappeared" in the wake of the financial crisis because he did not sell his company's shares. 

"As I sit here today, I hold virtually every share of stock I owned over a 30 year career," he said. 

Prince said the financial crisis caused Citigroup's stock to fall from approximately $50 a share to about $1. The bank received a $45 billion bailout from the federal government. 

Prince's remark came during a hearing by the Financial Crisis Inquiry Commission that is examining the cause of the financial crisis the rocked the stock market.