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Sam Bankman-Fried Basic Information
|Stage Name:||Sam Bankman-Fried|
|Real Name:||Samuel Benjamin Bankman-Fried|
|Date Of Birth/Age:||March 5, 1992 (31) Years Old|
|Place of Birth:||Stanford, California, U.S.|
|Education:||Crystal Springs Uplands School|
Massachusetts Institute of Technology
|Net Worth:||Zilch (formerly $15.6B)|
Sam Bankman-Fried Biography
Samuel Benjamin Bankman-Fried, born March 5, 1992, is a businessman and investor from the United States. Bankman-Fried was the creator and CEO of the cryptocurrency exchange FTX and its related trading firm Alameda Research, all of which filed for chapter 11 bankruptcy in late 2022. Bankman-Fried was detained in The Bahamas on December 12, 2022, and was later extradited to the United States.
On December 13, an indictment against him was unsealed in the United States District Court for the Southern District of New York, disclosing eight criminal accusations for offenses such as wire fraud, commodities fraud, securities fraud, money laundering, and campaign finance law violations. On October 3, 2023, his trial started.
Alan Joseph Bankman is Sam’s father. Alan is a certified psychologist and an American lawyer who was born in 1955. He is the Ralph M. Parsons Professor of Law and Business at Stanford Law School.
Barbara Helen Fried is Sam’s mother. Barbara was born in 1951 and is an American lawyer and emeritus professor at Stanford Law School.
Fried and Joseph Bankman were sued in September 2023 by the team supervising the FTX bankruptcy. According to the lawsuit, they unlawfully enriched themselves by accepting a $10 million cash present and a $16.4 million beachfront property in The Bahamas.
Gabriel Bankman-Fried, a former Wall Street trader and former director of the non-profit Guarding Against Pandemics and its related political action committee (PAC), is Sam Bankman-Fried’s brother.
In addition to the multimillion dollar collapse of her company, Caroline Ellison, the 28-year-old CEO of the failed cryptocurrency company Alameda Research, is also under fire for reports that she was Sam Bankman-Fried’s ex-girlfriend.
Together with other FTX employees, they shared an opulent condominium in Nassau, Bahamas. According to reports, Boston, Massachusetts native Caroline Ellison was born in November 1994 and is an American quantitative trader, business manager, media personality, and entrepreneur.
According to the Bloomberg Billionaires Index, Bankman-Fried has a net worth of $15.6 billion. Prior to FTX’s demise, Bankman-Fried was the 41st richest American in the Forbes 400 and the 60th richest person in the world according to The World’s Billionaires. His net worth reached a high of $26 billion. The Bloomberg Billionaires Index estimated his net worth to be zero on November 11, 2022, due to FTX’s bankruptcy.
SBF’s car collection reportedly include a Toyota Corolla, an Audi A7, a BMW X7, and a Mercedes GLS.
SBF’s most costly home purchase was a $30 million penthouse in Albany. Every year, Tiger Woods sponsors a golf event at this resort. Following the demise of his trading company FTX, he now resides in an opulent Penthouse in the Bahamas. This apartment features 5 bedrooms and is expected to cost over $40 million.
Bankman-Fried participated in Canada/USA Mathcamp, a summer school for gifted mathematicians. In Hillsborough, California, he graduated from Crystal Springs Uplands School for high school. He earned a physics bachelor’s degree with a mathematics minor from the Massachusetts Institute of Technology in 2014.
Bankman-Fried was detained in The Bahamas on December 12, 2022, and was later extradited to the United States. On December 13, an indictment against him was unsealed in the United States District Court for the Southern District of New York, disclosing eight criminal accusations for offenses such as wire fraud, commodities fraud, securities fraud, money laundering, and campaign finance law violations.
In February 2023, four further accusations were announced. Bankman-Fried was released on a $250 million bond on December 22 on the condition that he reside at his parents’ home in California. His bail was withdrawn on August 11, 2023, for accused witness tampering, and he was returned to custody. On October 3, 2023, his trial started.