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Evening Standard

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Simon Hunt

FTX founder Sam Bankman-Fried and his parents built million-pound property empire in the Bahamas

FTX Sam Bankman-Fried Bahamas Barbara Fried Joseph Bankman

FTX founder Sam Bankman-Fried
(Picture: AFP via Getty Images)

FTX founder Sam Bankman-Fried and his parents Joseph and Barbara amassed a property empire in the Bahamas worth over £100 million, new documents have revealed as creditors seek to recover hundreds of millions of dollars from his collapsed crypto company.

Together, the family, the company and its executives bought nineteen properties over two years, including seven apartments in a luxury resort worth a combined $72 million, a $30 million penthouse and a “vacation home” acquired by Joseph Bankman and Barbara Fried built on the site of a former British colonial fort, according to property records obtained by the Reuters news agency.

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