This 28-year-old billionaire wants to give away all his money

Recode Daily

Recode

Society & Culture, Science, Technology

4.6 • 1.3K Ratings

🗓️ 24 March 2021

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Over the weekend, Recode’s Teddy Schleifer talked with Sam Bankman-Fried, a young cryptocurrency zealot who, seemingly out of nowhere, has a net worth of $10 billion. He cut a low profile until last year, when he became one of Silicon Valley’s biggest contributors to groups supporting Joe Biden, at least in terms of disclosed giving. Bankman-Fried, like many entrepreneurs, thinks obsessively about becoming rich. But he has a two-part plan: First, make a tremendous amount of money by any means necessary. Next, give it all away. References: Read Teddy’s full Q&A here Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Support for this episode comes from LinkedIn.
0:04.3	If you're in sales, you know called calling is stressful, especially when all that effort
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0:38.0	Let LinkedIn Sales Navigator help you sell like a superstar today.
0:43.3	Today, I want to tell you about someone named Sam Bankman Freed.
0:54.8	Sam is 28 years old.
0:56.2	He sleeps in a bean bag chair overnight and he's actually become a very wealthy person.
1:01.4	His net worth is about $10 billion.
1:04.3	But no one really knew him outside of cryptocurrency circles until last year.
1:10.4	That's when Sam Bankman Freed gave millions of dollars to group supporting Joe Biden
1:15.2	and suddenly turned a lot of heads.
1:18.4	Sam's an interesting guy.
1:19.2	He represents a new breed of entrepreneurs who think almost obsessively about becoming
1:25.0	rich.
1:26.8	That's because he has a two-part plan to his life.
1:29.9	Part one, make a tremendous amount of money.
1:34.4	And part two is to give away that money by any means necessary.
	...

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