Caroline Ellison Bio
Caroline Ellison (born 1994) is a business executive from the United States. She is the CEO of Alameda Research, which was founded by Sam Bankman-Fried.
In November 2022, Alameda Research owed $10 billion to cryptocurrency exchange FTX, according to an anonymous source cited by the Wall Street Journal.
According to the source, FTX loaned the trading firm money from customer funds at FTX.
Caroline Ellison Net Worth
Caroline Ellison is estimated to have a net worth of $182.8 million dollars stacked in offshore accounts.
She has accumulated her net worth with the versatility she has shown in each field she has worked in.
Her main source of earnings is her career as a crypto trader. As she progresses in her career, her net worth is projected to rise.
Sam Bankman-Fried Net Worth 2022/23
Samuel Bankman-Fried, also known by his initials SBF, had an estimated net worth of over $10 billion as of 2022.
Even as his cryptocurrency empire began to crumble, Sam Bankman-Fried awoke on Monday as a billionaire. By Friday, his fortune had been completely depleted.
According to Bloomberg net worth calculations, Bankman-Fried was worth around $16 billion at the start of the week.
However, when his cryptocurrency exchange, FTX, went bankrupt, the value of his assets was reduced to zero in what Bloomberg called “one of history’s greatest-ever destructions of wealth.”
FTX declared bankruptcy on Friday, and Bankman-Fried, also known as SBF, resigned as CEO.
This spring, the 30-year-old entrepreneur’s net worth, which was largely based on digital assets, peaked at around $26 billion.
As crypto prices plummeted over the summer, Bankman-Fried emerged as a white knight for the sector, using his FTX exchange and its sister hedge fund, Alameda, to secure lines of credit for crypto companies like BlockFi and Voyager that were on the verge of failure.
In July, he told Reuters that he and FTX still had a “few billion” on hand to help other firms and stabilize the industry.
Bankman-Fried owns roughly 70% of FTX’s US operations, which the index now considers to be essentially worthless.
His stake in online brokerage Robinhood, which was previously valued at more than $500 million, was removed from Bloomberg’s calculation after news reports indicated that it was held through Alameda and may have been used as collateral for loans.
Bankman-Fried, an adherent of “effective altruism,” has sought to make as much money as possible in order to give it away. However, the fate of his charitable efforts is now in doubt.
The entire staff of the FTX Future Fund, which claims to have committed $160 million in grants, publicly resigned on Thursday.
The five-person team stated in a statement that they “have fundamental doubts about the legitimacy and integrity of the business operations that were funding the FTX Foundation and the Future Fund.”
Caroline Ellison Age
Caroline Ellison is 28 years old as of 2022, she was born on September 18, 1994, in Virginia, the United States as Caroline Ellison.
She celebrates her birthday every year with her family and close friends, her zodiac sign is Virgo.
|Caroline Ellison Age||28 years||29 years|
Caroline Ellison Parents, Mother and Father
Ellison is the daughter of Glenn Ellison, the Gregory K. Palm (1970) Professor of Economics at MIT, who coached her middle school math team, and Sara Fisher Ellison, another MIT economist.
Caroline Ellison Education
She attended Newton North High School in high school and represented the United States in the 2011 International Linguistics Olympiad.
Ellison earned a bachelor’s degree in mathematics from Stanford University in 2016.
Caroline Ellison Boyfriend
Caroline was in an on and off relationship with Sam Bankman-Fried, the former CEO of the cryptocurrency exchanges FTX, FTX.US, and Alameda Research.