FTX Exchange founder SBF was selected for Forbes' "30 under 30" list, what is the reason?

Since 2011, Forbes has been releasing "30 under 30," selecting 30 young elites under the age of 30 from various fields. In the turbulent year of 2020, FTX founder Sam Bankman-Fried, at the age of 28, was also selected as one of the 30 elites.

30 under 30 Evaluation

Sam Bankman-Fried, known as SBF, founded the quantitative trading firm Alameda, the exchange FTX, and the decentralized exchange Serum. He has been actively involved in the development of DeFi this year.

Described by Forbes, the founder and CEO of Alameda Research manages $2.5 billion in assets, mostly from the Serum platform coin SRM. In 2019, he founded the cryptocurrency derivatives platform FTX, which recently raised $40 million, valuing the company at $1.2 billion. FTX is used for trading cryptocurrency futures, with SBF owning over 50% of the company's equity. The company generated $50 million in revenue this year, with a profit of $30 million.

SBF's profile in "30 under 30" indicates that the app he can't live without is Slack, and his dream mentor is Tesla founder Elon Musk.

Forbes 2020 World Billionaires List

In April, Forbes reported on the "2020 World Billionaires List," with Coinbase CEO Brian Armstrong being named one of the 15 youngest billionaires in the United States. Based on this year's data, these billionaires seem to be slightly "poorer" compared to last year, likely due to the impact of the global economic downturn. As of the latest year-end update, the billionaires in the cryptocurrency industry have slipped several ranks: