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From 2010 to 2014, Bankman-Fried attended the [[Massachusetts Institute of Technology]].<ref name=":2" /> There, he lived in a coeducational group house called Epsilon Theta.<ref name=":2" /> In 2012, he blogged about utilitarianism, baseball, and politics.<ref name="Wallace" /><ref name=":2" /> In 2014, he graduated with a degree in physics.<ref name=":2" /><ref name="AR">{{cite web |title=The Team |url=https://www.alameda-research.com/the-team |website=Alameda Research |access-date=19 April 2021}}</ref><ref name=":3">{{Cite web|last=Chan|first=Michelle|date=25 June 2021|title=Hong Kong's 29-year-old crypto billionaire: FTX's Sam Bankman-Fried|url=https://asia.nikkei.com/Business/Business-Spotlight/Hong-Kong-s-29-year-old-crypto-billionaire-FTX-s-Sam-Bankman-Fried|url-status=live|access-date=2021-09-06|website=Nikkei Asia|language=en-GB}}</ref>
From 2010 to 2014, Bankman-Fried attended the [[Massachusetts Institute of Technology]].<ref name=":2" /> There, he lived in a coeducational group house called Epsilon Theta.<ref name=":2" /> In 2012, he blogged about utilitarianism, baseball, and politics.<ref name="Wallace" /><ref name=":2" /> In 2014, he graduated with a degree in physics.<ref name=":2" /><ref name="AR">{{cite web |title=The Team |url=https://www.alameda-research.com/the-team |website=Alameda Research |access-date=19 April 2021}}</ref><ref name=":3">{{Cite web|last=Chan|first=Michelle|date=25 June 2021|title=Hong Kong's 29-year-old crypto billionaire: FTX's Sam Bankman-Fried|url=https://asia.nikkei.com/Business/Business-Spotlight/Hong-Kong-s-29-year-old-crypto-billionaire-FTX-s-Sam-Bankman-Fried|url-status=live|access-date=2021-09-06|website=Nikkei Asia|language=en-GB}}</ref>


Bankman-Fried started his career at [[Jane Street Capital]], a proprietary trading firm,<ref name=":2" /> trading international [[Exchange-traded fund|ETFs]].<ref>{{Cite web|date=March 31, 2021|title=The Ex-Trader Building a Multi-Billion Crypto Empire (Podcast)|url=https://www.bloomberg.com/news/audio/2021-03-31/the-ex-trader-building-a-multi-billion-crypto-empire-podcast|url-status=live|access-date=2021-10-01|website=Bloomberg.com|language=en}}</ref> In October 2017, he founded Alameda Research, a quantitative trading firm and FTX, a cryptocurrency derivatives exchange in April 2019.<ref name="Castillo 2021">{{cite web | last=Castillo | first=Michael del | title=Crypto Billionaire Explains How To Get Best ROI On Life | website=Forbes | date=2021-05-26 | url=https://www.forbes.com/sites/michaeldelcastillo/2021/05/26/crypto-billionaire-explains-how-to-get-best-roi-on-life/ | access-date=2021-06-03}}</ref> (As of 2021, FTX owns approximately 90% of Alameda Research<ref name=":2" />.) In January 2018, he organized an arbitrage trade, moving up to $25M per day, to take advantage of the higher price of bitcoin in Japan compared to in America.<ref name=":2" /><ref name=":4">{{Cite web|last=Wallace|first=Benjamin|date=2021-02-02|title=The Mysterious Cryptocurrency Magnate Who Became One of Biden’s Biggest Donors|url=https://nymag.com/intelligencer/2021/02/sam-bankman-fried-biden-donor.html|access-date=2021-09-06|website=Intelligencer|language=en-us}}</ref> After attending a late 2018 cryptocurrency conference in [[Macau, China]], and while also inspired by the concurrent fork of [[Bitcoin Cash]], he moved to [[Hong Kong]].<ref name=":2" /><ref name=":5">{{Cite news|last=Lipton|first=Eric|last2=Livni|first2=Ephrat|date=19 August 2021|title=Crypto Nomads: Surfing the World for Risk and Profit|language=en-US|work=The New York Times|url=https://www.nytimes.com/2021/07/23/us/politics/crypto-billionaires.html|access-date=6 September 2021|issn=0362-4331}}</ref>
Bankman-Fried started his career at [[Jane Street Capital]], a proprietary trading firm,<ref name=":2" /> trading international [[Exchange-traded fund|ETFs]].<ref>{{Cite web|date=March 31, 2021|title=The Ex-Trader Building a Multi-Billion Crypto Empire (Podcast)|url=https://www.bloomberg.com/news/audio/2021-03-31/the-ex-trader-building-a-multi-billion-crypto-empire-podcast|url-status=live|access-date=2021-10-01|website=Bloomberg.com|language=en}}</ref> In October 2017, he founded Alameda Research, a quantitative trading firm and FTX, a cryptocurrency derivatives exchange in April 2019.<ref name="Castillo 2021">{{cite web | last=Castillo | first=Michael del | title=Crypto Billionaire Explains How To Get Best ROI On Life | website=Forbes | date=2021-05-26 | url=https://www.forbes.com/sites/michaeldelcastillo/2021/05/26/crypto-billionaire-explains-how-to-get-best-roi-on-life/ | access-date=2021-06-03}}</ref> (As of 2021, FTX owns approximately 90% of Alameda Research<ref name=":2" />.) In January 2018, he organized an arbitrage trade, moving up to $25M per day, to take advantage of the higher price of bitcoin in Japan compared to in America.<ref name=":2" /><ref name=":4">{{Cite web|last=Wallace|first=Benjamin|date=2021-02-02|title=The Mysterious Cryptocurrency Magnate Who Became One of Biden’s Biggest Donors|url=https://nymag.com/intelligencer/2021/02/sam-bankman-fried-biden-donor.html|access-date=2021-09-06|website=Intelligencer|language=en-us}}</ref> After attending a late 2018 cryptocurrency conference in [[Macau]], and while also inspired by the concurrent fork of [[Bitcoin Cash]], he moved to [[Hong Kong]].<ref name=":2" /><ref name=":5">{{Cite news|last=Lipton|first=Eric|last2=Livni|first2=Ephrat|date=19 August 2021|title=Crypto Nomads: Surfing the World for Risk and Profit|language=en-US|work=The New York Times|url=https://www.nytimes.com/2021/07/23/us/politics/crypto-billionaires.html|access-date=6 September 2021|issn=0362-4331}}</ref>


Bankman-Fried was named on the ''[[Forbes 30 Under 30]] (Finance)'' list in 2021.<ref>{{Cite web|title=Sam Bankman-Fried|url=https://www.forbes.com/profile/sam-bankman-fried/|access-date=2021-07-28|website=Forbes|language=en}}</ref>
Bankman-Fried was named on the ''[[Forbes 30 Under 30]] (Finance)'' list in 2021.<ref>{{Cite web|title=Sam Bankman-Fried|url=https://www.forbes.com/profile/sam-bankman-fried/|access-date=2021-07-28|website=Forbes|language=en}}</ref>

Revision as of 02:29, 24 November 2021

Sam Bankman-Fried
Born (1992-03-06) March 6, 1992 (age 32)
Stanford, California, United States
NationalityUnited States
EducationBA Physics, Massachusetts Institute of Technology
OccupationEntrepreneur
Known forCEO of FTX
CEO of Alameda Research

Sam Bankman-Fried (born March 6, 1992) is the founder and CEO of FTX, a cryptocurrency exchange.[1][2] He also manages assets through Alameda Research, a quantitative cryptocurrency trading firm he founded in October 2017.[3]

Biography

Bankman-Fried was born in 1992 in Stanford, California, the son of Barbara Fried and Joseph Bankman, both law professors from Stanford Law School.[4] When he was about 14 years old, his mother noticed that he had spontaneously developed an interest in utilitarianism.[4] Later, he attended Canada/USA Mathcamp.[4]

From 2010 to 2014, Bankman-Fried attended the Massachusetts Institute of Technology.[4] There, he lived in a coeducational group house called Epsilon Theta.[4] In 2012, he blogged about utilitarianism, baseball, and politics.[2][4] In 2014, he graduated with a degree in physics.[4][5][6]

Bankman-Fried started his career at Jane Street Capital, a proprietary trading firm,[4] trading international ETFs.[7] In October 2017, he founded Alameda Research, a quantitative trading firm and FTX, a cryptocurrency derivatives exchange in April 2019.[8] (As of 2021, FTX owns approximately 90% of Alameda Research[4].) In January 2018, he organized an arbitrage trade, moving up to $25M per day, to take advantage of the higher price of bitcoin in Japan compared to in America.[4][9] After attending a late 2018 cryptocurrency conference in Macau, and while also inspired by the concurrent fork of Bitcoin Cash, he moved to Hong Kong.[4][10]

Bankman-Fried was named on the Forbes 30 Under 30 (Finance) list in 2021.[11]

Philanthropy

Bankman-Fried is a supporter of effective altruism and pursues earning to give as an altruistic career.[12] He is a member of Giving What We Can and plans to donate the great majority of his wealth to effective charities over the course of his life.[1]

His company FTX has a policy of donating 1% of its revenue to charity.[12][13] He was one of the largest CEO donors to Joe Biden in the 2020 election cycle, personally donating $5.2 million, second to only Michael Bloomberg.[12][14]

Personal life

Bankman-Fried is a vegan.[2][4][6] He claims to only sleep four hours per night, when he has no meetings, on a bean bag chair in his office next to his computer;[4][10] in fact, he ensures that every room in his office has bean bag chairs to sleep on.[6] He shares an apartment with roommates.[6] He almost never drinks or goes on vacation.[6]

References

  1. ^ a b Schleifer, Theodore (March 20, 2021). "How a crypto billionaire decided to become one of Biden's biggest donors". Vox.
  2. ^ a b c Wallace, Benjamin (February 2, 2021). "The Mysterious Cryptocurrency Magnate Who Became One of Biden's Biggest Donors". Intelligencer.
  3. ^ "Sam Bankman-Fried". Forbes. Retrieved April 30, 2021.
  4. ^ a b c d e f g h i j k l m Parloff, Roger (August 12, 2021). "Portrait of a 29-year-old billionaire: Can Sam Bankman-Fried make his risky crypto business work?". finance.yahoo.com. Retrieved September 6, 2021.{{cite web}}: CS1 maint: url-status (link)
  5. ^ "The Team". Alameda Research. Retrieved April 19, 2021.
  6. ^ a b c d e Chan, Michelle (June 25, 2021). "Hong Kong's 29-year-old crypto billionaire: FTX's Sam Bankman-Fried". Nikkei Asia. Retrieved September 6, 2021.{{cite web}}: CS1 maint: url-status (link)
  7. ^ "The Ex-Trader Building a Multi-Billion Crypto Empire (Podcast)". Bloomberg.com. March 31, 2021. Retrieved October 1, 2021.{{cite web}}: CS1 maint: url-status (link)
  8. ^ Castillo, Michael del (May 26, 2021). "Crypto Billionaire Explains How To Get Best ROI On Life". Forbes. Retrieved June 3, 2021.
  9. ^ Wallace, Benjamin (February 2, 2021). "The Mysterious Cryptocurrency Magnate Who Became One of Biden's Biggest Donors". Intelligencer. Retrieved September 6, 2021.
  10. ^ a b Lipton, Eric; Livni, Ephrat (August 19, 2021). "Crypto Nomads: Surfing the World for Risk and Profit". The New York Times. ISSN 0362-4331. Retrieved September 6, 2021.
  11. ^ "Sam Bankman-Fried". Forbes. Retrieved July 28, 2021.
  12. ^ a b c Osipovich, Alexander (April 16, 2021). "This Vegan Billionaire Disrupted the Crypto Markets. Stocks May Be Next". Wall Street Journal.{{cite web}}: CS1 maint: url-status (link)
  13. ^ "FTX". ftx.com. Retrieved May 3, 2021.
  14. ^ "Crypto firm ropes in Gisele, Tom Brady to burnish green credentials". South China Morning Post. July 1, 2021. Retrieved July 28, 2021.
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