Samuel Bankman-Fried is the latest young billionaire in the world of cryptocurrencies, with a net worth estimated at 20 billion dollars. Bankman amassed his fortune after founding the FTX cryptocurrency trading platform in 2019, capitalizing on price discrepancies of Bitcoin between global exchanges to earn millions at launch. The value of the FTX platform is around 40 billion dollars, competing with major cryptocurrency platforms like Binance. Bankman aims to donate billions to those in need in impoverished countries, choosing to live on just 100,000 dollars a year from his wealth. Last year, Bankman donated 50 million dollars and intends to donate one billion dollars this year.
A Young Man Who Made a Fortune of 20 Billion Dollars... and Now Wants to Donate It
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