He owns FXT Trading Limited, a company that allows investors and large companies to trade cryptocurrencies,
Sam Bankman-Fried, only 30 years old, is one of the most recognized entrepreneurs in the United States as the CEO of FXT Trading Limited, a cryptocurrency exchange company.
His fortune is 20 billion dollars, according to Bloomberg. In fact, Forbes, another economic medium, highlighted him in 2022 as one of the entrepreneurs under 30 who are part of the young revolutionaries in the industry.
He has it all: money, charisma and a prosperous company.
But he got tired of having such an astronomical amount of money in his name. Bankman-Fried, with his unique curly hairstyle, wants to give away 99 percent and keep one percent to pay for his everyday life.
“Pretty soon you run out of ways to make yourself happier by spending money. I don’t want a yacht,” she said in a chat with Bloomberg. In this way, he emphasized that he no longer finds the point of spending or buying things.
Of course, he does not want to leave his company. Among his plans is that FXT become “the largest source of financial transactions in the world.”
What will you donate your money to?
Graduated with a bachelor’s degree in physics and a minor in mathematics, the young man wants to maintain a lifestyle of effective altruism, which he defines as doing good with his own money and time.
It has already donated $50 million during 2021 for environmental initiatives and to help India amid the complexities of the covid-19 pandemic. Even, according to what he told the aforementioned media, he expects to deliver up to a billion dollars in 2022 and one of those donations will go to prepare for a future pandemic.
“We can expect pandemics to get worse over time and more frequent, just because of the possibility of lab leaks. This is a non-trivial possibility that can destabilize the world if we don’t prepare for it,” he assured.
His plan has no going back to deliver about 19,800 million dollars. He doesn’t call it a regrettable decision.
“It’s not a decision that I constantly reevaluate, because I think it’s no use constantly reevaluating anything. Minute by minute, it no longer seems like a decision to me,” she mentioned. For him, it is a fact.
FXT Trading Limited, founded in 2018, allows investors and large companies to trade cryptocurrencies, a financial market that is becoming more and more booming.
The company is in full growth and hopes to build a headquarters for 1,000 employees in the Bahamas, overlooking the Atlantic Ocean.
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