WD Profile
Sam Bankman-Fried
$17.2 Billion
Age: 6 March 1992 (age 30 years)
Source of Wealth: Cryptocurrency
Gender: Male
Citizenship: United States
Height: 5 ft 10 in (1.78 m)
Marital Status: Not married
Children: 0
Education: Massachusetts Institute of Technology (2010–2014), Crystal Springs Uplands School – Upper School
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About
Sam Bankman-Fried is an entrepreneur and businessman known for his work in the field of cryptocurrency and digital asset trading. He is the founder and CEO of the cryptocurrency exchange FTX, as well as the founder and CEO of the quantitative trading firm Alameda Research. Bankman-Fried is also a prominent philanthropist, having donated millions of dollars to various charitable causes.
Sam Bankman-Fried was as at one of the richest people in cryptocurrency as of 27/09/2022 which was due to his FTX exchange and Alameda Research trading companies, before his empire came crashing down in November 2022.
After users began withdrawing their investments from FTX at a rapid pace, Bankman-Fried filed for bankruptcy for FTX, FTX’s U.S. operations and Alameda Research.
The son of two Stanford law professors, he studied physics at MIT and traded ETFs at a quant firm before pivoting to crypto trading in late 2017.
Sam Bankman launched FTX in 2019 and grew the company into one of the leading exchanges for buying and selling crypto derivatives. In early 2022 FTX was valued by investors and its U.S. operations at a combined $40 billion.
Most of his wealth, an estimated $26.5 billion, was tied up in the ownership of about half of FTX and a share of its FTT tokens.
FAQ
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