Sam Bankman Fried Bio | Wiki
Sam Bankman Fried ( Full Name: Samuel Benjamin Bankman-Fried) is a popular American entrepreneur and investor who was the founder and CEO of the cryptocurrency exchange FTX and associated trading firm Alameda Research, both of which experienced a high-profile collapse resulting in Chapter 11 bankruptcy in late 2022. Before FTX’s collapse, Sam was ranked the 41st wealthiest American in the Forbes 400, and the 60th richest person in the globe by The World’s Billionaires.
Sam’s net worth peaked at $26 billion. By November 11, 2022, amid the bankruptcy of FTX, the Bloomberg Billionaires Index considered Sam’s net worth to have been reduced to zero. Prior to his wealth evaporated, he was a major donor to U.S. political campaigns, donating openly to Democratic candidates and covertly to Republicans, and claiming that he planned to spend around $1 billion in the 2024 U.S. presidential election.
On December 12, 2022, Sam was arrested in the Bahamas and was later extradited to the United States. An indictment of Sam before the U.S. District Court for the Southern District of New York was unsealed on December 13, disclosing eight criminal charges for offenses such as wire fraud, commodities fraud, securities fraud, money laundering, as well as campaign finance law violations. An additional four charges were reported in February 2023. On December 22, Sam was released on a $250 million bond, on the condition that he live at his parents’ home in California. On August 11, 2023, Sam’s bail was revoked over alleged attempts at witness tampering.
Sam Bankman Fried Age
Sam was born on March 5, 1992, in Stanford, California, in the United States. He is 31 years old. Sam celebrates his birthday on March 5, every year.
Sam Bankman Fried Height
He is a man of average stature. Sam stands at a height of 5 ft 7 in ( Approx. 1. 7m ).
Sam Bankman Fried Parents
He was born on the campus of Stanford University the son of Barbara Fried and Joseph Bankman. His parents are professors at Stanford Law School. Sam’s aunt Linda P. Fried is the dean of Columbia University Mailman School of Public Health. He has a brother named Gabriel Bankman-Fried. His maternal grandparents are Adrienne Fried Block and Arthur L. Block. His parents reside in Stanford, California.
Sam Bankman Fried Nationality
He is an entrepreneur and investor who holds American nationality.
Sam Bankman Fried Father
Sam’s father Joseph Bankman is a Professor of Law and Business at Stanford Law School and a licensed psychologist. Joseph works also as a co-host of the Stanford Legal podcast together with fellow professor Pamela Karlan. Early in his career, Joseph taught at the USC Gould School of Law and practiced with the Los Angeles firm of Tuttle & Taylor. In 1989, Joseph joined the faculty at Stanford Law School.
Sam Bankman Fried Mother | Mom
Sam’s mother Barbara Fried is a lawyer and professor emeritus at Stanford Law School. Barbara joined the Stanford Law School Faculty as a tenure-track professor in 1987 following working as an associate attorney at the law firm Paul, Weiss, Rifkind, Wharton & Garrison from 1984 until 1987.
Sam Bankman Fried Religion
He grew up in a Jewish family.
Sam Bankman Fried Brother
Sam’s brother Gabriel Bankman-Fried is a retired Wall Street trader and the former director of the non-profit Guarding Against Pandemics and its associated political action committee
Sam Bankman Fried Wife | Girlfriend | Caroline Ellison | Caroline
As per previous employees of FTX and Alameda, Sam was dating his ex-girlfriend and co-worker Caroline Ellison, the former CEO at Alameda Research. Caroline was terminated from her position after FTX and Alameda filed for bankruptcy. In December 2022, Caroline pleaded guilty to two counts of wire fraud, two counts of conspiracy to commit wire fraud, conspiracy to commit securities fraud as well as conspiracy to commit money laundering.
Sam Bankman Fried Education
He joined Canada/USA Mathcamp, a summer program for mathematically talented high-school students. Sam attended high school at Crystal Springs Uplands School in Hillsborough, California. Later on, Sam graduated from the Massachusetts Institute of Technology in 2014 earning a bachelor’s degree in physics and a minor in mathematics. As an MIT student, Sam lived in a coeducational group house called Epsilon Theta.
FTX Sam Bankman Fried | FTX | FTX Founder
He founded FTX, a cryptocurrency derivatives exchange, in April 2019; it opened for business the next month. On December 8, 2021, Sam together with other industry executives, testified before the Committee on Financial Services about regulating the cryptocurrency industry. On May 12, 2022, it was revealed that Emergent Fidelity Technologies Ltd., which is majority-owned by Bankman-Fried, had bought 7.6 percent of Robinhood Markets stock.
In a November 2022 affidavit prior to the Eastern Caribbean Supreme Court, and before his arrest, Sam said he and FTX co-founder Gary Wang together borrowed over $546 million from Alameda Research in order to finance Emergent Fidelity Technologies’ purchase of Robinhood Markets stock.
He resigned as CEO of FTX on November 11, 2022, and was succeeded by John J. Ray III, known for his role in the bankruptcy and restructuring of Enron. FTX and related entities filed for bankruptcy in Delaware on the same day. One day following FTX’s declaration of bankruptcy, on November 12, Sam was interviewed by the Royal Bahamas Police Force. On November 17, 2022, Ray stated in a sworn declaration submitted in bankruptcy court that as per the firm’s records, Alameda Research had lent $1 billion to Sam.
Sam Bankman Fried House | Bahamas
As of mid-2021, it was announced that Sam lived in a five-bedroom penthouse in the Bahamas with approximately ten roommates. Following the collapse of FTX, the penthouse was put up for sale for close to $40 million.
Sam Bankman Fried Interview
He claimed in 2022 during an interview that he would prefer the Commodity Futures Trading Commission take a larger role in regulating and guiding the crypto industry.
Sam Bankman Fried Meme
A highly memed profile of Sam by Sequoia Capital disclosed that he had been playing the game while giving a pitch on Zoom for FTX that encouraged people at Sequoia, who called it “one of those your hair-is-blown-back type of meetings.” Sam was reportedly gaming the entire time that he was speaking to them. Sequoia notably invested $214 million in FTX. After Sam’s arrest, many users posted memes comparing him to Jeffrey Epstein.
Sam Bankman Fried Alameda Research
In November 2017, Sam co-founded Alameda Research, a quantitative trading firm, alongside Tara Mac Aulay from the Centre for Effective Altruism. As of 2021, Sam owned approximately 90 percent of Alameda Research. On November 11, 2022, FTX, Alameda Research, and over 130 associated legal entities declared bankruptcy.
Sam Bankman Fried Crypto
He was one of the richest people in crypto, due to his FTX exchange and Alameda Research trading firm, prior to his empire crashing down in November 2022. Sam had been heralded as a modern J.P. Morgan for swooping in to save troubled crypto firms before his own firm blew up. Sam launched FTX in 2019 and grew it into one of the leading exchanges for buying and selling crypto derivatives.
Sam Bankman Fried Political Donations
He was a huge political donor as per public records. Sam contributed over $70 million to election campaigns in less than 18 months, placing him among the nation’s top political donors. Sam’s only campaign finance activity before 2019 was a $1,000 contribution in 2010 to Michael Bennet. For the 2020 U.S. elections, Sam contributed $5.2 million to two super PACs that supported the Joe Biden 2020 presidential campaign. He was the second-largest individual donor to Biden in the 2020 election cycle, following Michael Bloomberg. He was the second-largest individual donor to Democratic causes for the 2022 U.S. elections, with total donations of $39.8 million, only behind George Soros, of which $27 million was donated to the Protect Our Future PAC.
Sam Bankman Fried Iq
He has an IQ of 130.
Sam Bankman Fried League Of Legends
He played League of Legends and allegedly played the game while on a call attempting to secure an investment from Sequoia Capital. An article by the Financial Times characterized Sam’s “win ratios” in League of Legends as “average-to-bad”.
Sam Bankman Fried News
In 2023, it was reported that Sam faces seven charges of fraud and conspiracy stemming from the collapse of FTX, the now-bankrupt crypto exchange he created.
Sam Bankman Fried Net Worth
He gets his wealth from his work as an entrepreneur and investor who was the founder and CEO of the cryptocurrency exchange FTX and associated trading firm Alameda Research. Therefore, Sam has accumulated a decent fortune over the years. Sam’s net worth is $4 million.
How Old Is Sam Bankman Fried
Sam is a 31-year-old who was born on March 5, 1992, in Stanford, California, in the United States. Sam celebrates his birthday on March 5, every year.
Who Is Sam Bankman Fried
He worked as the founder and CEO of the cryptocurrency exchange FTX and associated trading firm Alameda Research, both of which had a high-profile collapse resulting in chapter 11 bankruptcy in late 2022. Sam was ranked the 41st richest American in the Forbes 400, and the 60th richest person in world by The World’s Billionaires before FTX’s collapse.
Who Is Sam Bankman Fried Mother
Sam’s mother is Barbara Fried who is a lawyer and professor emeritus at Stanford Law School. Barbara is a co-founder of the political fundraising organization Mind the Gap.
Sam Bankman Fried Social Media Account
Twitter – @SBF_FTX