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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