Home Finance Sam Bankman-Fried’s $40 million penthouse goes on sale

Sam Bankman-Fried’s $40 million penthouse goes on sale

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Based on a recently released real estate ad, former FTX CEO Sam Bankman-Fried (SBF) is reportedly selling a 12,000 square foot penthouse in the Bahamas for $39.9 million. In addition, the news details that FTX Property Holdings has spent approximately $74 million on real estate purchases in the Albany Bahamas coastal district.

A mansion in the Bahamas called the “Orchid Building” sold for nearly $40 million.

Over the weekend, the web portal seasidebahamas.com published a list of real estate that would be linked to former FTX CEO Sam Bankman-Fried (SBF). The property, dubbed the “Orchid Building,” is located in a 600-acre resort called Albany Bahamas or Albany Resort.

The Albany Bahamas mansion is said to be owned by former FTX CEO Sam Bankman-Fried (SBF). The penthouse was listed for sale for $39.9 million this weekend.

The asking price for the 1,100-square-foot penthouse is about $39.9 million, according to the ad, and the maintenance fee for the home of the supposedly efficient SBF altruist is about $21,000. SBF’s apartment ad made waves on Twitter when it was posted by the Twitter account nicknamed “Autism Capital“.

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A large portion of the commenters in the Autism Capital thread mentioned SBF’s so-called altruistic nature, which he regularly boasts about. “Effective altruism housing,“a person made fun of in the Twitter thread. “This mansion screams effective altruism“, said another person. wrote.

According to a report, FTX Property Holdings has spent $74 million on real estate in the Bahamas, FTX has purchased properties in Tokyo and in Miami’s Brickell financial district.

In addition to the Albany neighborhood mansion, a report in The Block indicates that FTX reportedly spent $74 million on Bahamian real estate purchases. Reporters Kollen Post and Frank Chaparro witnessed documents showing that “FTX Property Holdings spent $74,230,193 on properties in the Bahamas in 2022.

The report also details that $67.4 million went to properties in the Albany Bahamas district. In addition to the Albany properties, the report says SBF bought a condo at One Cable Beach for $2 million. FTX’s subsidiary, FTX Property Holdings, is listed in the company’s bankruptcy protection case filed in Delaware.

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FTX also purchased real estate in Miami, Florida, according to the following reports detail that FTX was building a “permanent space that could accommodate 16 to 18 employees.” FTX’s office was located in Miami’s Brickell financial district and the company also shared a video of a new office in Tokyo on November 7, 2022, just days before it filed for bankruptcy.