Sam Bankman-Fried

Path
Earning to give
University major
Physics
Cause area
LongtermismAnimal welfare
Job title
CEO

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Majored in

Physics, Massachusetts Institute of Technology

Current role

CEO, FTX

Why Sam is earning to give

Sam decided to try out earning to give. This approach — where he donates a significant proportion of his income to organisations aiming to make the world a better place as effectively as possible — is allowing Sam to have a pretty staggering impact. He has already donated millions to causes like animal welfare and the Biden campaign. In July 2021, the FT estimated that he’s the world’s richest person under 30. He plans to eventually donate most of his wealth, and is especially interested in high-impact charities working to safeguard the long-term future of humanity. Having previously been undecided about what to do after graduating, Sam figured that if he could fund several people more qualified than he was to do work that made the world a better place, that might be better than trying to do the work himself. Sam was introduced to others interested in this path in the effective altruism community, who told him about Jane Street Capital — a Wall Street quantitative trading firm that promised a high salary. Sam decided to test it out with an internship, and found that the work was an excellent fit for him: it involved using statistics and economics to create automated trading systems to place trades when the prices of two similar assets got out of sync, which matched his maths skills and betting mindset.

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