Who is Sam Bankman-Fried?
Sam Bankman-Fried, also known as Samuel Benjamin Bankman-Fried. Sam Bankman-Fried is an American entrepreneur, investor, and the former CEO of the defunct cryptocurrency exchange FTX. Customers could use the FTX exchange to exchange traditional currency for cryptocurrencies such as Bitcoin.
Sam Bankman-Fried – Birth, Parents, Siblings & Education
Sam Bankman-Fried, the former CEO of the defunct cryptocurrency exchange FTX, was born on March 6, 1992, in Stanford, California, USA.
He is 30 years old and of American nationality as of 2022.
Similarly, his ethnicity is White, and his birth sign is Pisces, according to astrologers.
Sam was born into a wealthy Jewish family and has lived a lavish lifestyle from his infancy.
His father, Joseph Bankman, is a lawyer in the United States, as is his mother, Barbara Fried.
He also has a brother, Gabriel Bankman-Fried, who is a former Wall Street trader.
Bankman-Fried received his high school diploma from Crystal Springs Uplands School in Hillsborough, California, after graduating from the Canada/ISA Mathcamp.
From 2010 to 2014, he attended the Massachusetts Institute of Technology.
He graduated with a bachelor’s degree in physics and a minor in mathematics.
Net Worth of Sam Bankman-Fried? Salary, Earning
Prior to FTX’s demise, Bankman-Fried was the 41st richest American, according to Forbes 400, and the 60th richest person in the world, according to World’s Billionaires.
Sam Bankman-Fried’s net worth was projected to be approximately $10.5 billion as of October 2022.
According to the Bloomberg Billionaires Index, his net worth plunged by 94 percent in a single day following the collapse of FTX, to $991.5.
According to the Bloomberg Billionaires Index report for November 11th, 2022, Bankman-Fried has no actual wealth.
Facts of Sam Bankman-Fried
| Age: | 31 years |
|---|---|
| Birth Date: | March 6, 1992 |
| Full Name: | Sam Bankman-Fried |
| Net Worth: | 10.5 Billion |
| Profession | entrepreneur, investor, and the former CEO |
Relationship, Married life, Boyfriend/Girlfriend
Though there were reports that Sam Bankman-Fried was dating his coworker Caroline Ellison, an Unnamed worker of FTX and Alameda, it has been established that he is not gay.
He is currently single and not involved in a romantic relationship.
He hasn’t mentioned his personal problem on the internet.
His father, Joseph Bankman, is a lawyer in the United States, as is his mother, Barbara Fried.
Body Measurement- Height, Weight, Hair Color
Sam Bankman-Fried, an American entrepreneur, stands 5 feet 8 inches tall and weighs around 77 kg.
To top it all off, he has pale skin, dark brown eyes, and black hair.
Sam Bankman-Fried – Professional Career
Bankman-Fried’s professional career began as an intern at Jane Street Capital, a proprietary trading firm.
From October to November 2017, he worked as the Centre for Effective Altruism’s director of development.
He became a co-founder of Alameda Research in November 2017, and as of 2021, he owns over 90% of the company.
In April 2019, he discovered FTX, a cryptocurrency derivative that offers extra features such as prediction markets and tokenized equities.
FTX was a huge success three years after its inception and was valued at thirty-two million dollars.
Prior to his arrest, Bankman-Fried stated that he and FTX co-founder Gary Wang borrowed $546 million from Alameda Research.
Eventually, due to the situation, Bankman-Fried resigned as CEO, and on November 11, 2022, FTX filed for bankruptcy against him.
In December 2022, he was charged with various offenses including money laundering and wire fraud.
The FTX member accused him of scamming FXT investors and disappearing with their money.
He was detained in the Bahamas on December 12, 2022.
Philanthropist
Sam is a philanthropist as well as a competitive businessman.
He has advocated for a variety of causes, including global poverty relief, climate change awareness, pandemic prevention, and animal welfare.
The erstwhile billionaire has revealed that he contributed $100 million to charity.
He was a major contributor to Biden’s presidential campaign.
Sam Bankman-Fried – Social Media Status
Sam, 30, has an Instagram account with the moniker @sbf_ftx, which has more than 73.4k followers.
He has been on Twitter since March 2019 and has approximately 1.1 million followers.
Under his name, there is an unverified Facebook account.
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Quick Facts of Sam Bankman-Fried
- Sam is an American entrepreneur, investor, and the former chief executive officer (CEO) of the bankrupt crypto exchange, FTX.
- He will be released on $250 million bail, a federal judge ruled, while he awaits trial for eight federal criminal charges related to alleged fraud at his collapsed crypto empire.
- As of October 2022, Sam had an estimated net worth of around $10.5 billion.
- A rumor revealing that FTX CEO has been arrested is circulating on social media since November 2022.
- On December 2022, he flew to New York by plane from the Bahamas to face fraud charges.
- According to the US Authority, the FTX found, Sam was extradited on suspicion of committing, the biggest financial fraud in US history.
