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Here’s where Sam Bankman-Fried spent some of his crypto fortune: Bahamas properties, donations to key Democrats, and sponsoring sports teams

  • At his peak, Sam Bankman-Fried’s net worth was $26 billion.
  • He spent his money on properties, political donations, and funding sports teams.
  • Here’s a list of all the places we found where he spent his money.

Sam Bankman-Fried told Bloomberg in April that years down the road, he’d subsist on $100,000 a year — that’s it.

He’d keep a small percentage of the billions he had generated from his cryptocurrency empire and donate the rest. 

Bankman-Fried billed himself as an effective altruist, a person who would rack up stacks of money — or coins— to one day put it all towards the betterment of the world. And, he donated money to several organizations founded on the principles of effective altruism. 

However, Bankman-Fried also wrote out big checks to sports teams, properties, and political leaders. His spending has reflected a desire to buy influence as much as it has reflected his philosophical beliefs. 

In early November, Bankman-Fried saw the bulk of his net worth drop from $15.6 billion to $1 billion in a single day, after news broke that his cryptocurrency exchange, FTX, needed a bailout.

Since then, FTX has filed for bankruptcy and Bankman-Fried has stepped down as CEO. Still, a barrage of secrets continues to emerge about the messy dynamics between FTX,  Bankman-Fried’s trading firm Alameda Research, and the way he leveraged both to make risky bets with customers’ funds. 

Bankman-Fried will likely not be making major donations any time soon. Here’s a list of how he spent some of his once-massive fortune.

 

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