Sam Bankman Fried net worth

by Rushali
December 31, 2021

What is wealth for you? In fact, what does “feeling wealthy” actually means to you?

Is it the feeling of looking at your crypto investments getting double overnight or in the same day sometimes, it might vary from person to person, right? I hope you all agree with the fact that “Feeling wealthy” holds a different meaning for everyone. For someone without any crypto background, it might be different. For long term investors a return of 20% in a year might be enough to feel wealthy and for a derivatives trader it might be a little slow when he can do the same in a matter of months and for high-risk takers, it might sound like a lot less on the other hand If a person has only ever invested in Fixed deposits, it is a whole different story. Agree?

And for someone like Sam Bankman Fried who is known to be tripping on a whole another level in this crypto space, it is extremely different. Just imagine being the wealthiest personality in the cryptocurrency space. It is not all Sam donates most of his wealth and I am sure that is his way of feeling wealthy in fact the goal of his life is “Earn to give” OfCourse whatever he doesn’t spend.

In his vox interview He quoted his two-part plan like “Make a tremendous amount of money by any means necessary. Then give it all away by the best means possible.” interesting, isn’t it?

Let’s discuss more about him and I will also be revealing his speculated net worth at the end of this article and how he came to become the wealthiest crypto personality at the age of 28. Yes, “Twenty-Eight” you read that right. What else to say, this is what crypto does to you. *wink*

For those who are not following this blog and have trouble reading, Let’s hint you about the figures of the net worth “Billions” That should be enough motivation to give the article a good read. Let’s dive in.

Introduction

Presently holding the topmost position in his own crypto derivative exchange FTX, imagine being an investor or trader and then thinking of owning a whole exchange in your own name with daily trade volume crossing millions. Just imagine.

Sam Bankman Fried is an investor, philanthropist, programmer, and a huge Twitter personality.

While completing his formal education in Physics from the Massachusetts Institute of Technology in 2014, he was introduced to William MacAskill (founder of 80,000 hours) which can be quoted as the starting point of his “earn to give” mindset.

He then went for an internship opportunity in the field of quantitative trading and decided to stick with it joining Jane Street in 2014 as a trader. Soon after in 2017, he co-founded Alameda Research along with Gary Wang. The trading company specializes in crypto liquidity services. According to research by Bloomberg news, it accounts for 5% of the whole volume of the crypto trading space, All this when he was just around 24, to put into perspective at the age of 24 an average person is not even clear about his life choices and career choices and most of them till 28.

In 2019, he founded the FTX crypto trading platform along with some of the brightest minds from Silicon Valley and some of the best wall street traders. According to the FTX website “FTX is a cryptocurrency exchange built by traders, for traders. FTX offers innovative products including industry-first derivatives, options, volatility products, and leveraged tokens.”

Their mission is to develop a platform robust enough for professional trading firms and intuitive enough for first-time users.

In 2020, FTX acquired “Blockfolio” an app for retail investors to keep track of their folios.

Apart from all the serious talks, He is not at all shy to talk about his wealth and quotes his wealth as “Reasonable’ in the same interview with vox.

I can go on talking about this guy’s achievements supported by numbers and statistics but, that won’t be interesting enough, instead, I will just right on reveal what is his recorded networth as of 2021.