$24 Billion | Rank #60
Who is Sam Bankman-Fried
The son of two Stanford law professors, he studied physics at MIT but was drawn to “effective altruism,” the utilitarian-inflected notion of doing the most good possible.
So he took a job trading ETFs at a quant firm, donating a chunk of his salary to charity, then jumped into crypto trading in late 2017, when he spied a lucrative arbitrage opportunity.
Bankman-Fried launched his own exchange, FTX, in 2019. Built “by traders, for traders,” it’s one of the leading exchanges for buying and selling crypto derivatives.
Investors valued FTX at $18 billion in 2021, helping make him one of the richest people under 30 in history. The exchange and its U.S. operations hit a combined $40 billion valuation in January 2022.
Most of his wealth, which he says he will eventually donate to charity based on a philosophy called “earning to give,” is tied up in ownership of about half of FTX and a share of its FTT tokens. Coming from an average or middle class family, Sam Bankman-Fried is one those great persons who have stormed their way to the billionaires list on their own. And currently ranks at 60 on billionaires list making him one of the wealthiest ever persons on the planet. He is currently 30.0 years old. As of today, Sam Bankman-Fried’s net worth is approximately 24 Billion.
Facts about Sam Bankman-Fried
| Net Worth: | 24 Billion |
| Billionaire Rank: | 60 |
| Age: | 30.0 |
| Date of Birth: | 05-03-92 |
| Gender: | Male |
| Currently Living in: | Nassau, nan, Bahamas |
| Birth Place: | United States |
| Source of Wealth: | cryptocurrency exchange |
| Job | Founder at FTX |
To find out what is Sam Bankman-Fried Net Worth, how he got there and what is Sam Bankman-Fried Salary Per Day, Career, Biography and Childhood details, continue reading below.
Background of Sam Bankman-Fried
Sam Bankman-Fried was born on 05-03-92 in United States. But soon moved to Bahamas, nan in the city of Nassau and spent most of the career building here. Bankman-Fried has been pouring hundreds of millions into mainstream marketing, including the naming rights to leading esports league TSM and the Miami Heat’s arena. So far, Bankman-Fried has only donated about 0.1% of his fortune, to causes like voter registration, global poverty mitigation and artificial intelligence safety.
Sam Bankman-Fried net worth is estimated at 24 Billion Billion to date.
Professional Journey
Sam Bankman-Fried is currently working as Founder at the world famous FTX. You will see him often in social media. Sam Bankman-Fried is one of the richest people in crypto, thanks to his FTX exchange and Alameda Research trading firm. There was a time when he would have embraced the change that was coming. He is one of the persons who are always trending in news. Bankman-Fried has been pouring hundreds of millions into mainstream marketing, including the naming rights to leading esports league TSM and the Miami Heat’s arena. In his youth, he was adventurous but unknown, but that was years ago. The son of two Stanford law professors, he studied physics at MIT but was drawn to “effective altruism,” the utilitarian-inflected notion of doing the most good possible.
So he took a job trading ETFs at a quant firm, donating a chunk of his salary to charity, then jumped into crypto trading in late 2017, when he spied a lucrative arbitrage opportunity.
Bankman-Fried launched his own exchange, FTX, in 2019. Built “by traders, for traders,” it’s one of the leading exchanges for buying and selling crypto derivatives.
Investors valued FTX at $18 billion in 2021, helping make him one of the richest people under 30 in history. The exchange and its U.S. operations hit a combined $40 billion valuation in January 2022.
Most of his wealth, which he says he will eventually donate to charity based on a philosophy called “earning to give,” is tied up in ownership of about half of FTX and a share of its FTT tokens. He learnt to find the excitement that came with change. That curiosity had long left him to where he had come to loathe anything that put him out of his comfort zone. Sam Bankman-Fried is one of the richest people in crypto, thanks to his FTX exchange and Alameda Research trading firm.
It is to be noted that Sam Bankman-Fried is one of the selfmade billionaires in the world and stands at 60 in most wealthy persons in the world.
FAQs
Here are a few most frequently asked questions about Sam Bankman-Fried:
How much is Sam Bankman-Fried worth?
Sam Bankman-Fried’s net worth is estimated to be 24 Billion.
How old is Sam Bankman-Fried?
Sam Bankman-Fried was born on 05-03-92, and is currently 30.0 years old.
What is Sam Bankman-Fried source of income?
Sam Bankman-Fried acquires most part of his wealth from cryptocurrency exchange.
Concluding Sam Bankman-Fried Net Worth
Currently with a net worth of 24 Billion, Sam Bankman-Fried stands at 60 in the world billionaires list. And draws most of his wealth from cryptocurrency exchange. Hope you like this information about Sam Bankman-Fried. If you like this, then please share it with your friends. This above post is all about the estimated worth of Sam Bankman-Fried. Do you have any queries? Feel free to ask via comment section.
Disclaimer: Please keep in mind that this is an estimated net worth of Sam Bankman-Fried. Actual worth may vary a little. You can always get information by checking out Leaktown.com.
