The Bankman-Fried Family Story Unveiled by Bloomberg
In focus:
- During their tenure teaching law at Stanford University, which spanned over three decades, Sam's parents met in the 1980s. Together, they raised two sons on the campus.
- Sam's father's notable work on the U.S. tax code sets him apart as an expert in the field.
- FTX's 2022 earnings for Sam's parents? A striking $26 million.
- Their involvement with FTX wasn't just monetary; they often visited the offices, bolstered the morale of the staff, and had a say in the internal communications.
- Sam's upbringing was colored by the presence of intellectual heavyweights: be it legal scholars, social scientists, tech engineers, or pioneers in AI.
- Notably, Sam's mother had a keen intellect, diving deep into ethics in her academic pursuits. The teachings of Fried came to define their family's guiding principles.
Perhaps their most significant gift to Sam was grounding him in trust, ensuring that even those who found him controversial in the business realm held him in esteem.
