Sam Bankman-Fried is worth $US16.5 billion, yet he drives a Toyota Corolla. He's spent $US1 billion bailing out cryptocurrency businesses, yet he thinks crypto has yet to prove it's had a positive impact, saying the industry is still 'pre-use case.' He's an advocate of Effective Altruism, and is vegan, yet he lives in the Bahamas, a tax haven. And he's on the cover of the Young Rich issue of The Australian Financial Review Magazine.
"A lot of this is being at the right place at the right time," he tells Mark Di Stefano, with whom he chatted about the 'crypto winter', about being tagged the 'Millennial Warren Buffett' and about Elon Musk, with whom he discussed acquiring Twitter. ("He moved markets, he moved everything.")
What does the future of entrepreneurialism look like? Pick up a copy of our Young Rich List issue to find out. Inside you'll find crypto, gaming, start-up founders trying to meet payroll, music, athleisure, unicorn balloons and Elvis.
Story by Mark Di Stefano
📷️ Mary Beth Koeth
Photo Editor Tim Beor
