In 2023, Sam’s net worth is $26 Billion. In this article, we will learn about Sam Bankman-Fried’s Net Worth, Salary as Former CEO of FTX, Earninings in 2023, Total Wealth.
Sam Bankman-Fried is a former cryptocurrency entrepreneur from the United States who has been convicted of fraud. He founded and served as CEO of the cryptocurrency exchange FTX and the associated trading firm Alameda Research. Both companies collapsed dramatically in late 2022 and filed for Chapter 11 bankruptcy.
How Much is Sam Bankman-Fried Net Worth
Sam Bankman’s net worth in 2023 is $26 Billion. In 2022, Sam Bankman-Fried, also known as SBF, had a net worth of approximately $26 billion and was the founder and CEO of Alameda Research and the Cryptocurrency exchange, FTX. He was also the 41st wealthiest American until the collapse of Alameda & FTX.
Bankman-Fried, a former major political campaign donor in the United States, openly supported Democratic candidates and had plans to spend approximately $1 billion in the 2024 U.S. presidential election before his wealth disappeared.
Bankman-Fried was arrested in The Bahamas on December 12, 2022, and was later extradited to the United States. The U.S. District Court for the Southern District of New York unsealed an indictment against him on December 13, which included eight criminal charges for various offenses such as wire fraud, commodities fraud, securities fraud, money laundering, and violations of campaign finance laws.
In February 2023, four more charges were added to the ongoing case. On December 22, Bankman-Fried was granted a $250 million bond, with the stipulation that he stay at his parents’ residence in California. However, on August 11, 2023, his bail was rescinded due to accusations of tampering with witnesses, and he was sent back to jail.
|Net Worth||$26 Billion|
|Date Of Birth||6 March 1992|
|Birth Place||Stanford, California, United States|
|Profession||Investor and Entrepreneur|
Sam Bankman-Fried Net Worth in the last three years
|Year||Sam Bankman-Fried’s Net Worth|
Sam Bankman-Fried Wealth
Following the bankruptcy of FTX, Bankman-Fried’s net worth experienced a staggering 94 percent decrease in just one day, plummeting to $991.5 million according to the Bloomberg Billionaires Index. This event marked the largest single-day drop in the history of the BBI.
As of November 11, 2022, Bankman-Fried was reported to have almost nothing left to his name. During his first public interview after the FTX bankruptcy on Good Morning America, SBF revealed that he had less than $100,000.
— SBF (@SBF_FTX) January 19, 2023
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