Imagine a billionaire whose sole purpose to get rich is to donate all his money to charities. In this article, we told FTX CEO Sam Bankman-Fried's story of getting rich and the charities he donated to.
As children, almost all of us dream of being rich , but the reason why everyone wants to be rich is different. Some of us want to ride the latest model sports cars, some of us live in the most luxurious villas, some of us travel the world.
Some of us really manage to become millionaires or even billionaires. Indeed, they travel in sports cars and live in luxury villas. Some even say they want to send rockets into space and live there in the future .
However, the billionaire we will talk about today has a very different cause and mission than the others. He is only 29 years old and he is the CEO of crypto money trading platform FTX, which is known almost all over the world.
Since childhood, his only dream is to be rich and solve problems in the world.
Wanting to achieve his goal of getting rich, Sam Bankman-Fried realized something after graduating from MIT in 2017. Bitcoin, which was sold at $ 10,000 on the US stock market , was sold at $ 11,000 on the Japanese stock market. Sam ( a process called arbitrage ), who exchanged $10 million worth of Bitcoins from the USA in Japan, earned $1 million a day by doing this every day .
Sounds so simple doesn't it? Thanks to this simple idea, Sam made a profit of $20 million in 1 month , which wasn't even the beginning. He didn't settle for that and became a full-time cryptocurrency trader. In 2017, he founded the cryptocurrency exchange FTX, which is now known to almost everyone. Just 2 years after its founding, FTX became a company with a full value of 40 billion dollars .
Sam's explanations about the organizations he has donated to and why he donated to these organizations are truly eye-opening with happiness.
Last year, the 29-year-old billionaire donated a total of $50 million to charities . This year, he aims to donate exactly 500 million dollars . Sam's plan is to donate more than $10 billion in total over the next 10 years .
'There is so much you can do for the good of the world and you can make yourself much happier.'
Funds platforms to combat global warming : 'This is the biggest problem we have to overcome as the world'
Funds institutions providing equipment to be prepared for Covid-19 : 'We must be prepared for the next pandemic'
Funds scientific work fighting neglected tropical diseases : 'More than 1 billion people are struggling with these diseases, we must eradicate these diseases'
Funds animal rights and protection associations : 'Animals have the same right to live as we do, that's why I'm vegan'
Sam doesn't even have a 'super sports car'
It's not hard to understand that Sam's goal is really just to donate to all charities. He doesn't even own a sports car, he drives a hybrid model of the Toyota Corolla . He doesn't have a Rolex, he uses Apple Watch as he is a business person. What we can call his richest job is that Sam currently lives in the Bahamas with 10 roommates. However, he also manages his company and the stock market from here.
When asked why he doesn't have luxury equipment and super sports cars, Sam says, " I don't feel like I need it ." Thanks to this attitude, Sam could even become a trillionaire in the next 20 years. Even if that happens, Sam says his sole purpose will still be to solve problems on Earth .
Of course, what a person will do and what their goals are can never be known 100% . However, it is a wonderful thing to have someone who, as a humanity, says that his goal is to help the world, and that starts from the moment he gets rich. We hope that the number of such people in the world will increase and Sam will be their leader.