Rank #3401
Sam Bankman-Fried
Net worth $0.0B
cryptocurrency exchange · United States
- Born
- Mar 05, 1992
- Age
- 34
- Source
- cryptocurrency exchange
- Residence
- Nassau
- Citizenship
- United States
- Marital status
- Children
- 0
- Education
- Bachelor of Arts/Science, Massachusetts Institute of Technology
Net worth over time
Biography
- Sam Bankman-Fried was one of the richest people in crypto, thanks to his FTX exchange and Alameda Research trading firm, before his empire came crashing down in November 2022.
- After users began withdrawing their investments from FTX at a rapid pace, Bankman-Fried filed for bankruptcy for FTX, FTX's U.S. operations and Alameda Research.
- On Dec. 13, 2022, the U.S. Attorney's Office for the Southern District of New York charged Bankman-Fried in an eight-count indictment with fraud, money laundering, and campaign finance offenses.
- Bankman-Fried was sentenced to 25 years in prison in March 2024 for orchestrating multiple fraudulent schemes.
- He is currently serving out his sentence in federal prison in Brooklyn's notorious Metropolitan Detention Center (MDC), the former residence of Bernie Madoff and Jeffrey Epstein.
- The son of two Stanford law professors, he graduated with a degree in physics from MIT in 2014 before starting his career at Wall Street trading firm Jane Street Cap
- Bankman-Fried was the second largest billionaire donor to Democratic causes in the 2022 midterm election, giving nearly $40 million.