"Bankman-Fried is an adherent of Effective Altruism, a utilitarian philosophy which promotes ideas like earning lots of money in order to give it all away."

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"He went into finance and started donating large portions of his paychecks long before he made his first billion and still lives fairly modestly, with roommates and a Toyota Corolla, with a stated goal of giving away the vast majority of his fortune as he makes it. Critics, however, question the motives behind Bankman-Fried’s increasing involvement in politics, noting that the crypto industry has been stepping up its lobbying in Washington as lawmakers and regulators look to apply new rules to the largely unregulated industry that has likely destroyed more fortunes than it has made. He’s one of several crypto donors who have started spending large amounts of money in politics seemingly out of nowhere, just as the industry comes under scrutiny."

From "Crypto billionaire says he could spend a record-breaking $1 billion in 2024 election/Democratic cryptocurrency exchange founder Sam Bankman-Fried says he expects to spend 'north of $100 million' in 2024, with 'soft ceiling' of $1 billion" (NBC News).

Roommates!


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"Bankman-Fried is an adherent of Effective Altruism, a utilitarian philosophy which promotes ideas like earning lots of money in order to give it all away." "Bankman-Fried is an adherent of Effective Altruism, a utilitarian philosophy which promotes ideas like earning lots of money in order to give it all away." Reviewed by Admin Blog on 4:50 PM Rating: 5

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