• These are the wealthiest people under 30

    8 days ago - By Business Insider

    Andy Fang DoorDash
    Sam Bankman-Fried once held the title of the richest person under the age of 30.
    He's now lost 94% of his net worth after FTX imploded under allegations that he misused customer funds.
    See the next generation of young billionaires, including two of the founders of DoorDash.
    Last year, FTX CEO Sam Bankman-Fried was considered the richest person under 30 years old. Now, he's lost 94% of his wealth after the companies he founded, FTX and Alameda Research, went bankrupt. Bankman-Fried faces multiple investigations amid allegations that he misused customer funds. Gary Wang...
    Read more ...

     

  • FTX pledged $600,000 to an anti-racist non-profit, but the money never arrived and Sam Bankman-Fried's father wrote to apologize

    8 days ago - By Business Insider

    The logo of FTX is seen on the FTX Arena in Miami, Florida. Marco Bello/Reuters
    Sam Bankman-Fried's father offered anti-racist program EAT $600,000 on behalf of FTX.
    But the money never arrived after the firm went bankrupt.
    SBF's father told the charity he was "heartbroken," but was spending his money on his son's defense.
    FTX promised a Chicago-based non-profit $600,000 but the money never arrived after the company's charitable arm lost its funds and its staff resigned, the New York Times reported. Sam Bankman-Fried's father, Joseph Bankman, recommended programs that help close the racial...
    Read more ...