The Founder of FTX Crypto-Derivatives Exchange is The World’s Youngest Mega-Billionaire

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Sam Bankman-Fried
Sam Bankman-Fried

The founder of FTX, Sam Bankman-Fried is one of the few figures that got so rich in a blink of an eye.

The 29-year old entrepreneur and founder of the crypto-derivatives e

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xchange FTX went from an unknown person three years ago to rank sixth in spot trading and second in derivatives trading in only two years, according to CoinGecko. 

Bankman has a net worth of $26.5 billion according to Forbes. The billionaire went from zero to a wealthy founder in no time by providing the crypto space with his crypto-derivatives trading platform. And until this moment, FTX has been off the radar in terms of exchanges troubles — contrary to other major crypto exchanges such as Coinbase and Binance.

In an interview with Insider, Bankman-Fried, and several of his colleagues, and closest friends, the news outlet was able to take a close look at how the billionaire’s work schedule looks like. According to his colleagues, the major factor that led Bankman-Fried to his success was his “work ethic” and his ability to attract major investors amid regulatory scrutiny.