Because of cryptocurrencies .. 3 under the age of 30 are among the world’s richest people

When the American magazine Forbes published its famous report on the world’s richest people, many noticed that among them were 3 people under the age of 30, and that the three were self-made.

It is actually remarkable that none of them exceeded the age of 30 years until December 31, 2021, knowing that the estimated wealth is until the date of September 14, 2022, according to Forbes magazine estimates.

1- “Sam Bankman-Fried”

Forbes magazine estimates Bankman-Fried’s personal fortune at $25 billion, which puts him on the list of the 70 richest people in the world.

Bankman-Fried, the son of two professors at the prestigious Stanford University School of Law, graduated from the Massachusetts Institute of Technology – the most famous in the world in the field of computer science and software – in the field of physics, and worked at the beginning of his career as a broker on “Wall Street” before turning to digital currencies In the year 2017.

Bankman-Fried noticed the large price differences between cryptocurrency exchanges, and began taking advantage of them by buying and reselling digital assets very frequently.

He says that the difference in prices in 2018 was between 5 to 25% between the US and Japanese exchanges, which means that once assets are transferred from one platform to another, he can make money.

“There was a huge demand for cryptocurrencies from Japan, and there weren’t enough providers to support the supply,” he added.

The young entrepreneur created Alameda Research to invest in crypto markets, moved to Hong Kong and then launched FTX with Gary Wang who is now the platform’s chief technology officer. He is known to be a vegetarian who sleeps 4 hours a night.

Bankman-Fried currently lives in the Bahamas; Where taxes are almost non-existent, and it is the headquarters of his company. He justifies his choice of this country as “one of the few countries with a comprehensive licensing system for digital currencies.”

Forbes magazine estimates Gary’s personal wealth at $4.6 billion (websites)

2. Gary Wang

Forbes magazine estimates the personal fortune of Gary at $4.6 billion, and he is an American.

The main source of Wang’s wealth is cryptocurrency, and he is the chief technology officer of cryptocurrency exchange FTX, which he co-founded with Sam Bankman-Fried in 2019. He graduated from MIT with a degree in mathematics and computer science, where he was A colleague of Bankman.

He owns about 16% of the shares of the cryptocurrency platform and about 18% of its business in America. He began his professional career working at Google.

appreciate magazine "Forbes" Alex Atallah's personal wealth is $2.2 billion
Forbes magazine estimates Alex Atallah’s personal fortune at $2.2 billion (websites)

3. Alex Atallah

Forbes magazine estimates the personal fortune of Alex Atallah at $2.2 billion. He is an American and is the chief technology officer of the non-fungible token market OpenSea, which he co-founded in 2017.

Atallah and his CEO partner, Devin Finzer, became the first billionaires from the non-fungible tokens sector in January 2021, after a funding round that raised the New York-based company’s value to $13.3 billion.

Atallah graduated from the prestigious Stanford University, and worked as a programmer at the software company Palantir and at two start-up companies before founding OpenSea.

.

Leave a Comment