Sam Bankman-Fried: Biography in Details
Who Is Sam Bankman-Fried?
Sam Bankman-Fried aka Samuel Benjamin Bankman-Fried is an American entrepreneur, investor, and the former chief executive officer (CEO) of the bankrupt crypto exchange, FTX.
The FTX exchange allowed customers to trade normal money for cryptocurrencies such as Bitcoin.
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 Bankman-Fried was extradited on suspicion of committing, the biggest financial fraud in US history.
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.
Sam Bankman-Fried- Age, Parents, Siblings, Ethnicity, Education
The former boss of failed cryptocurrency exchange FTX, Sam Bankman-Fried was born on March 6, 1992, in Stanford, CA, the United States.
As of 2022, he is 30 years old and holds American nationality. Likewise, his ethnicity is Caucasian; according to the astrologers, his birth sign is Pisces.
Parents and Siblings
Born to a well-off Jewish family, Sam enjoyed luxurious life since his birth. His father, Joseph Bankman is an American lawyer, while his mother, Barbara Fried is also he American lawyer.
Adding more he has a brother named, Gabriel Bankman-Fried, who is a former Wall Street trader.
Education
Sam Bankman-Fried completed his graduation from the Canada/ISA Mathcamp and completed his high schooling at the Crystal Springs Uplands School which is in Hillsborough, California.
Later, he went to the Massachusetts Institute of Technology from 2010 to 2014. He earned his bachelor’s degree in physics with a minor in mathematics.
Sam Bankman-Fried- Professional Life, Careers
Sam Bankman-Fried started his professional career as an intern at Jane Street Capital, which is a proprietary trading firm. He began serving as a director of development at the Centre for Effective Altruism from October to November 2017.
He became the co-founder of Alameda Research in November 2017 and he is almost 90 percent owner of Alameda Research as of 2021.
Moving on, in April 2019, he found FTX, a cryptocurrency derivative, which provides additional benefits including, prediction markets and tokenized stocks.
After three years of its launch, FTX turned out to be an enormous success and was valued at thirty-two million dollars.
Prior to his arrest, Bankman-Fried mentioned that he borrowed over $546 million from Alameda Research along with FTX co-founder Gary Wang.
Then, Bankman-Fried resigned as CEO due to the crisis and on November 11, 2022, FTX filed for bankruptcy against him.
He was then charted with multiple crimes such as laundering and wire fraud in December 2022. The FTX member alleged him of defrauding FXT investors and missing their funds.
On 12 December 2022, he was arrested in the Bahamas.
Philanthropist
Apart from being a competitive businessman, Sam is also a philanthropist. He has been a supporter of various cases including, fighting global poverty, raising awareness of climate change, pandemic prevention, and animal welfare.
The former billionaire has disclosed that he donated a hundred million dollars to charity. During the presidential campaign, he was one of Biden’s top donors.
Sam Bankman-Fried- Net worth, Salary
Prior to FTX’S collapse, According to Forbes 400, Sam Bankman-Fried was the 41st richest American and by the World’s Billionaires, he was the 60th richest person in the world.
As of 2023, Sam had an estimated net worth of around $10.5 billion.
After the collapse of FTX, his net worth is calculated to be dropped by 94 percent in a day to $991.5, as per the Bloomberg Billionaires Index.
As per the November 11’th 2022 report of the Bloomberg Billionaires Index, Bankman-Fried does not own any material wealth.
Is Sam Bankman-Fried Gulity?
A rumor revealing that FTX CEO Sam Bankman-Fried 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 Bankman-Fried was extradited on suspicion of committing, the biggest financial fraud in US history.
There were rumors about a potential agreement between SBF and law enforcement agencies in December 2022.
Body Features- Height, Weight
The American entrepreneur, Sam Bankman-Fried, stands 5 feet 8 inches tall and weighs around 77 kg. Adding up more, he has a fair complexion, along with a set of dark brown eyes and black hair.
Social Media
The 30-year-old, Sam Bankman-Fried owns an Instagram account under the username, @sbf_ftx, that has garnered more than 73.4k followers.
He is active on Twitter since March 2019 and has racked up nearly 1.1 million followers on it.
There is an unverified Facebook account under his name.
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Sam Bankman-Fried's Birthday Dates
| Year | Date | Day |
|---|
| 2024 | March | Wednesday |
| 2025 | March | Thursday |
| 2026 | March | Friday |
| 2027 | March | Saturday |
| 2028 | March | Monday |
