What is Sam Bankman-Fried’s Net Worth?
| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $0 | Not Available | March 6, 1992 | Stanford, California | Male | Not Available | Entrepreneur, Convicted Criminal | American |
Highlights
Sam Bankman-Fried is an American entrepreneur and convicted criminal.
He co-founded the cryptocurrency exchange, FTX, and founded Alameda Research.
He was one of the richest people in cryptocurrency, with a net worth that topped $25 billion in January 2022.
Sam Bankman-Fried owned a 7.6% equity stake in the stock trading app Robinhood, which was seized by the United States government in January 2023.
FTX collapsed in November 2022, leading to bankruptcy and Sam’s subsequent arrest.
Early Life
Sam Bankman-Fried was born on March 6, 1992, in Stanford, California. Raised by two professors at Stanford Law School, Sam displayed a talent for mathematics from a young age. He attended the Massachusetts Institute of Technology and graduated with a degree in physics.
During his college years, Bankman-Fried blogged about various topics.
Career
After working for a proprietary trading firm, Sam founded Alameda Research in 2017, specializing in quantitative trading. In 2018, he founded FTX, a cryptocurrency derivatives exchange. FTX experienced phenomenal growth, raising significant funds and establishing marketing contracts with high-profile brands.
In November 2022, FTX collapsed, leading to bankruptcy and Sam’s arrest on fraud and money laundering charges. He is currently facing potential imprisonment for up to 115 years if convicted on all charges.
Personal Life
Sam Bankman-Fried is a vegan who sleeps about four hours each night. He had a romantic relationship with Alameda Research CEO Caroline Ellison. Despite his wealth, he planned to give most of his fortune away to charities.
Net Worth Over Time
At his peak in January 2022, Sam Bankman-Fried’s net worth exceeded $25 billion. However, following the collapse of FTX and ongoing legal issues, his net worth is currently estimated to be $0.
Components of Net Worth
Sam Bankman-Fried’s net worth primarily consisted of his ownership stake in FTX and his equity stake in Robinhood. However, both of these assets were seized by the United States government, leading to the significant decrease in his net worth.
It is important to note that net worth calculations can change over time due to various factors, including asset valuations, legal issues, and market conditions.
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