Who is Sam BankMan-Fried The Crypto Billionare?

Sam Bankman-Fried, located in Hong Kong, is an American cryptocurrency investor, trader, philanthropist, and online entrepreneur. He is most recognized for being one of the co-founders of the FTX bitcoin derivatives exchange. He is also the co-founder and CEO of Alameda Research, a crypto trading firm.

Bankman-Fried was born in 1992 on the Stanford University campus, the son of Barbara Fried and Joseph Bankman, both Stanford Law School professors. His mother noted that he had developed an interest in utilitarianism when he was around 14 years old.

Bankman-Fried attended the Massachusetts Institute of Technology from 2010 to 2014. He lived in Epsilon Theta, a coeducational group home there. He wrote on utilitarianism, baseball, and politics on his blog in 2012. He earned a physics degree with a minor in mathematics in 2014.

How Sam Bankman-Fried become a Billionaire?

Bankman-Fried left Jane Street in September 2017 and relocated to Berkeley, where he worked as director of development for the Centre for Effective Altruism from October to November 2017. He launched Alameda Research, a quantitative trading firm, in November 2017. Bankman-Fried owns approximately 90% of Alameda Research as of 2021.

How did Sam BankMan-Fried

To take advantage of the greater price of bitcoin in Japan compared to America, Bankman-Fried conducted an arbitrage trade in January 2018, moving up to $25 million per day. He traveled to Hong Kong after visiting a cryptocurrency conference in Macau in late 2018 and being motivated by the concurrent fork of Bitcoin Cash. In April 2019, he founded FTX, a cryptocurrency derivatives exchange, which went live the following month.

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What’s Sam BankMan-Fried Net worth

Sam’s net worth is 24 billion dollars and his company FTX exchange is valued at $40 billion dollars

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