Can this man solve crypto’s $2 trillion image problem?
Sam Bankman-Fried has spent $US1 billion on shoring up crypto businesses. And yet he’s still not convinced the industry has proved itself.
Depending on how you define young, Sam Bankman-Fried is the world’s richest young person. The financial markets maven owns a large personal stake in FTX, a cryptocurrency exchange he co-founded in 2019 and which has become the world’s third-largest.
His net worth is estimated by Bloomberg at $US15 billion ($24 billion), although it had been $US25 billion before this year’s meltdown in crypto markets. He’s 30.
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