FTX CEO will donate his fortune to charity

icon FTT
Photo - FTX CEO will donate his fortune to charity
Sam Bankman-Fried, founder of investment firm Alameda Research and crypto exchange FTX, plans to donate 99% of his fortune to charity. According to the Bloomberg news agency, the youngest American billionaire will keep only 1% (at least $100,000) of his annual income for personal needs. He will direct the rest of the funds to the implementation of the goals that he considers worthy.

Protection from pandemics is the priority

The cryptocurrency billionaire is often called the new Mark Zuckerberg. To date, Forbes estimates his fortune at $ 24 billion, which corresponds to the 67th place in the ranking of the wealthiest people in the world. However, the crypto investor and entrepreneur, who is only 30 years old, does not hurry to part with all funds right now. Today, he is actively investing his money in the conquest of the American cryptocurrency market. Popularization of the FTX exchange is a necessary condition not only for attracting new users, but also for effective and safe interaction with regulators. For this purpose, stadiums and sports complexes are renamed, advertisement contracts with famous comedians and athletes are signed. Global donations are an ambitious goal for the future. So far, Sam Bankman-Fried makes transfers to the most important, in his own opinion, directions. So, in 2021, he gave $50 million to charity. The amount was aimed at combating global warming and helping Indian citizens affected by the pandemic. Donations are expected to rise to $1 billion this year. Sam Bankman-Fried argues that in the future, we need to prepare for more severe and more frequent pandemics, which arise, among other things, due to laboratory leaks. In addition to this, the investor is cautious about biological weapons and artificial intelligence.