Monday, March 4, 2024
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From $2.5 million yachts to $400,000 in DoorDash bills, here are Sam Bankman-Fried and other execs’ wildest purchases with FTX and Alameda funds

Executive payouts: $3.2 billion

Sam Bankman-Fried.

ED JONES / Getty Images Contributor


The most eye-watering sum of them all is the total amount paid from company coffers to the accounts of FTX and Alameda executives – $3.2 billion.

The majority of that, $2.2 billion, went to SBF himself, lawyers handling the bankruptcy case said.

 $587 million went to Nishad Singh, FTX’s former director of engineering, and $246 million went to Zixiao “Gary” Wang, Bankman-Fried’s cofounder. 

Then there was a further $87 million to Ryan Salame, FTX’s co-CEO, and $25 million to John Samuel Trabucco – while Alameda co-CEO Caroline Ellison took home $6 million.

Salame and Singh donated millions of dollars to politicians ahead of the 2022 midterm elections, but a criminal indictment unsealed last month said that those donations were actually Bankman-Fried’s doing.

He didn’t want to be known as partisan, so he instructed the two executives instead to donate money to certain candidates and political organizations, prosecutors wrote in the filing.

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