The fate of many (3)

I believe the answer is:

lot

I believe this clue is a double definition.

'the fate' is the first definition.
('lot' can be a synonym of 'fate')

'many' is the second definition.
(I've seen this before)

'of' is the link.

(Other definitions for lot that I've seen before include "Parcel - collection" , "A person's luck" , "Much at auction" , "Destiny - quantity" , "Destiny; auction item" .)

I've seen this clue in The Guardian, The Globe and Mail, The Irish Independent and the Evening Standard.

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