Sam Bankman-Fried Net Worth
What is Sam Bankman-Fried’s Net Worth?
| Net Worth | $8 billion |
| Age | 30 |
| Born | March 6, 2022 |
| Nationality | American |
| Source of Wealth | Cryptocurrency |
Introduction
Sam Bankman-Fried is an American billionaire crypto entrepreneur and businessman.
He is known for his role as CEO of FTX, one of the largest cryptocurrency exchanges in the world.
As of October 2024, Sam Bankman-Fried’s net worth is estimated to be around $8 billion.
Early Life
Sam Bankman-Fried was born on March 6th, 1992 in Stanford, California on the campus of Stanford University.
In 2014, he graduated from Massachesutts Institute of Technology with a degree in physics and minor in mathetmatics.
After graduating, Bankman-Fried worked for Jane Street Capital as an international ETF trader until he quit his to job to launch his own trading firm, Alameda Research.
Career
Sam Bankman-Fried earned millions of dollars trading Bitcoin via Alameda Research and found the cryptocurrenxy changed, FTX, in 2019.
He is regarded as the “King of crypto” and grew FTX into a major player in the crypto space.
He also provides liquidity for struggling crypto companies through his firm Alameda Research including bailout loans to Voyager, Celsius, and BlockFI.
Investment Portfolio
Bankman-Fried earned the majority of his wealth through FTX, a crypto trading company valued at $32 billion.
He also owns a 90% stake in Alameda Research.
In May 2022, Bankman-Fried bought a 7.6% stake in Robinhood Markets (NASDAQ: HOOD), one of the largest stock & crypto brokers in the world, for $648 million.
