Samuel Bankman-Fried (born March 6, 1992, also known by his initials SBF, is an American entrepreneur, investor, and founder and former CEO of the cryptocurrency exchange FTX, FTX.US, and quantitative cryptocurrency trading firm Alameda Research. FTX experienced a crisis in late 2022, which led to a collapse in FTX’s native cryptocurrency, FTT. Amid the crisis, Bankman-Fried announced he would wind down operations at Alameda Research and resigned as CEO of FTX, which filed for Chapter 11 bankruptcy.
Bankman-Fried’s net worth peaked at $26 billion. In October 2022, he had an estimated net worth of $10.5 billion. However, on November 8, 2022, amid FTX’s solvency crisis, his net worth was estimated to have dropped 94% in a day to $991.5 million, according to the Bloomberg Billionaires Index, the largest one-day drop in the index’s history. By November 11, 2022, the Bloomberg Billionaires Index considered Bankman-Fried to have no material wealth.
Before Bankman-Fried’s wealth disappeared in November 2022, Bankman-Fried was a major donor to Democratic Party candidates. He was the second-largest individual donor to Joe Biden in the 2020 presidential election, personally donating $5.2 million, and he donated $40 million, mostly to Democratic candidates, during the 2022 U.S. midterm elections.
Is Sam Bankman-Fried a programmer?
Bankman-Fried attended The Massachusetts Institute of Technology (MIT) a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has since played a key role in the development of modern technology and science, ranking among the top academic institutions in the world.
Bankman-Fried will definitely know programming per the technology school he attended and the kind of trade he choose to do, one must know programming syntax and semantics and structural analysis in other to confound an organization like or be the CEO of FTX.
