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A dropout living in a trailer, he got $1 million from Peter Thiel at 19—now he's a billionaire who says the American Dream isn't dead

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A dropout living in a trailer, he got $1 million from Peter Thiel at 19—now he's a billionaire who says the American Dream isn't dead

2

Current price of oil as of August 18, 2026

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Current price of silver as of Tuesday, August 18, 2026
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Exclusive: Crypto venture firm CMT Digital raises $136 million for fourth fund
Exclusive: Crypto venture firm CMT Digital raises $136 million for fourth fund

The Chicago-based company has backed crypto stalwarts like stablecoin giant Circle and blockchain-based lender Figure.

By Ben WeissNovember 5, 2025
A Ferrari race car on a racetrack
Ferrari to release crypto token to let wealthy fans take part in 499P auction
By Carlos GarciaNovember 3, 2025
Michael Saylor on stage at a Bitcoin conference.
Michael Saylor boosts yield, says Strategy is at an ‘inflection point’
By David Pan, Judy Lagrou and BloombergOctober 30, 2025
Three men stand in front a white backdrop.
Exclusive: Startup Hercle raises $10 million to build out stablecoin-based global money transfers
By Carlos GarciaOctober 29, 2025
Crypto founders are getting very rich, very fast—again
Crypto founders are getting very rich, very fast—again
By Jeff John RobertsOctober 30, 2025
A Mastercard credit card peeking out from a pocket.
Exclusive: Mastercard poised to acquire crypto startup Zerohash for nearly $2 billion, sources say
By Ben Weiss and Leo SchwartzOctober 29, 2025
Latest stories from Fortune
One of the VC world’s biggest stars is doubling down on sports in a big way, and there’s a compelling tax reason behind the strategy
Newsletters
One of the VC world’s biggest stars is doubling down on sports in a big way, and there’s a compelling tax reason behind the strategy
By Jason MaAugust 19, 2026
Top CD rates today, Aug. 19, 2026: Lock in up to up to 4.50%
Personal Finance
Top CD rates today, Aug. 19, 2026: Lock in up to up to 4.50%
By Glen Luke FlanaganAugust 19, 2026
Today’s top high-yield savings rates: Up to 4.50% on Aug. 19, 2026
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Today’s top high-yield savings rates: Up to 4.50% on Aug. 19, 2026
By Glen Luke FlanaganAugust 19, 2026
How the UAE has emerged as a ‘leading light’ for tokenization  
Middle East
How the UAE has emerged as a ‘leading light’ for tokenization  
By Melissa HancockAugust 19, 2026
Coinbase establishes Abu Dhabi tokenization hub  
Newsletters
Coinbase establishes Abu Dhabi tokenization hub  
By Melissa HancockAugust 19, 2026
Photo of Sam Altman
Newsletters
OpenAI hits pause on training in Hugging Face aftermath
By Lily Mae LazarusAugust 19, 2026
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Newsletters
For CEOs, retirement is the ultimate performance review—and 60% are failing it
By Phil WahbaAugust 19, 2026
The IRS is scrutinizing how UnitedHealth moved money through foreign subsidiaries—and whether it underpaid taxes
Law
The IRS is scrutinizing how UnitedHealth moved money through foreign subsidiaries—and whether it underpaid taxes
By Tatiana SatauaAugust 19, 2026
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Binance in the balance: What a settlement would mean for the world’s biggest crypto exchange
Newsletters
Binance in the balance: What a settlement would mean for the world’s biggest crypto exchange
By Jeff John RobertsFebruary 17, 2023
  • Custodia, a crypto bank in Wyoming, denied membership in Federal Reserve System
    Companies
    Custodia, a crypto bank in Wyoming, denied membership in Federal Reserve System
    By Ben WeissJanuary 27, 2023
Staking services like Lido offer 5% returns—and are very different from earlier high-yield crypto offerings
Newsletters
Staking services like Lido offer 5% returns—and are very different from earlier high-yield crypto offerings
By Jeff John RobertsFebruary 16, 2023
Sam Bankman-Fried arrives at court in New York on Jan. 3, 2023.
Companies
Former Stanford Law School dean contributed $500,000 as cosigner on Sam Bankman-Fried’s bail bond
By Leo SchwartzFebruary 15, 2023
Bitcoins As The Digital Currency Climbed To Highest Levels Since Early November
Newsletters
The LocalBitcoins era of crypto is over, but its spirit lives on
By Jeff John RobertsFebruary 13, 2023
Dan Schulman listens to other speaker on stage at conference.
Companies
PayPal just paused its plan to release a stablecoin after reports its partner is under investigation amid a larger crypto crackdown
By Ben WeissFebruary 10, 2023
Dan Schulman speaks on stage at Bloomberg New Economy Forum.
Companies
PayPal CEO to step down amid economic turbulence and slumping shares after years of breakneck growth
By Ben WeissFebruary 9, 2023
  • Digital payments giant Stripe considers going public within one year
    Companies
    Digital payments giant Stripe considers going public within one year
    By Ben WeissJanuary 26, 2023
Cyber firm cracks OneKey crypto wallets, raises broader questions of hardware security
Companies
Cyber firm cracks OneKey crypto wallets, raises broader questions of hardware security
By Jeff John RobertsFebruary 9, 2023
‘I’ve read all the spy novels’: Judge and Sam Bankman-Fried’s lawyers spar over his use of messaging apps 
Companies
‘I’ve read all the spy novels’: Judge and Sam Bankman-Fried’s lawyers spar over his use of messaging apps 
By Leo SchwartzFebruary 9, 2023
Sam Bankman-Fried leaves court hearing in New York.
Companies
Robinhood moves to buy back $550M of shares bought by Sam Bankman-Fried
By Ben WeissFebruary 9, 2023
Robinhood’s crypto business continues to decline during Crypto Winter as customers steer clear of trading
Companies
Robinhood’s crypto business continues to decline during Crypto Winter as customers steer clear of trading
By Ben WeissFebruary 8, 2023
The booth of the Binance cryptocurrency exchange at the Paris NFT Day conference in Paris, France, on Tuesday, April 12, 2022.
Companies
Binance says full audit of balance sheet to be delayed, cites ‘limitations’ of accounting industry
By Ben WeissFebruary 8, 2023
  • FTX owes money to Apple, Google, Netflix, Yahoo, and Gisele Bündchen’s charity
    Companies
    FTX owes money to Apple, Google, Netflix, Yahoo, and Gisele Bündchen’s charity
    By Ben WeissJanuary 26, 2023
In this photo illustration, a Coinbase logo is displayed
Companies
Former Coinbase employee accepts plea deal, admits to insider trading
By Ben WeissFebruary 7, 2023
Genesis and parent company DCG reportedly strike deal with main creditors
Companies
Genesis and parent company DCG reportedly strike deal with main creditors
By Ben WeissFebruary 6, 2023
Crypto ads will vanish from the Super Bowl as the fall of FTX weighs on the industry’s reputation
Companies
Crypto ads will vanish from the Super Bowl as the fall of FTX weighs on the industry’s reputation
By Marco Quiroz-GutierrezFebruary 6, 2023
A photo of Max Galka superimposed over a blue background.
Companies
Blockchain analyst firm Elementus raises funds at $160M valuation. Clients include Celsius and BlockFi creditors
By Ben WeissFebruary 6, 2023
Binance suspends bank transfers of U.S. dollars 
Companies
Binance suspends bank transfers of U.S. dollars 
By Leo SchwartzFebruary 6, 2023
FTX’s in-house coach helped Bankman-Fried and other employees with stress, depression and … dating
Companies
FTX’s in-house coach helped Bankman-Fried and other employees with stress, depression and … dating
By Marco Quiroz-GutierrezFebruary 6, 2023
FTX sends confidential letters to politicians, tells them to pay back $93M in donations from Sam Bankman-Fried and others
Companies
FTX sends confidential letters to politicians, tells them to pay back $93M in donations from Sam Bankman-Fried and others
By Leo SchwartzFebruary 6, 2023
Sam Bankman-Fried leaves Manhattan Federal Court
Companies
Silvergate at center of DOJ fraud investigation for hosting FTX and Alameda accounts
By Ben WeissFebruary 3, 2023
Coinbase CEO Brian Armstrong
Companies
Coinbase NFT halts artist drops as 24-hour trading volume barely reaches $100
By Ben WeissFebruary 2, 2023
Meta’s Reality Labs lost $13.7 billion in 2022—and just reported its worst quarter ever
Companies
Meta’s Reality Labs lost $13.7 billion in 2022—and just reported its worst quarter ever
By Marco Quiroz-GutierrezFebruary 1, 2023
A drawing of a coin over with a triangular logo in the middle.
Companies
Despite SEC litigation, Ripple sold $226 million of XRP last quarter—and the token gained 21% last month
By Ben WeissFebruary 1, 2023
Sam Bankman-Fried seen in New York City on Jan. 3, 2023.
Companies
Judge rules that Sam Bankman-Fried must stop contacting former employees of FTX, Alameda Research
By Leo SchwartzFebruary 1, 2023
The FTX bankruptcy saga has ensnared members of Sam Bankman-Fried’s family—and at least 2 of them appear reluctant to cooperate
Companies
The FTX bankruptcy saga has ensnared members of Sam Bankman-Fried’s family—and at least 2 of them appear reluctant to cooperate
By Marco Quiroz-GutierrezFebruary 1, 2023
Patrick Collison, chief executive officer of Stripe Inc.
Companies
Stripe could be valued at $60 billion—roughly 40% less than 2 years ago—after investments from firms including Thrive Capital
By Ben WeissJanuary 31, 2023
Amazon logo illustrated in cartoon style
Companies
NFT sales cratered in 2022. Here’s why Amazon still may dive into the volatile market
By Ben WeissJanuary 31, 2023
Strike expands cross-border payments feature to the Philippines, one of the world’s largest remittance markets
Companies
Strike expands cross-border payments feature to the Philippines, one of the world’s largest remittance markets
By Leo SchwartzJanuary 31, 2023
Elon Musk considering crypto payments for Twitter in push to build ‘everything app’
Companies
Elon Musk considering crypto payments for Twitter in push to build ‘everything app’
By Leo SchwartzJanuary 30, 2023
‘Onboard the rest of the world to crypto’: Sovereign Labs raises $7.4M in round led by Haun Ventures
Companies
‘Onboard the rest of the world to crypto’: Sovereign Labs raises $7.4M in round led by Haun Ventures
By Ben WeissJanuary 30, 2023
FTX’s Sam Bankman-Fried must stop contacting former employees, prosecutors say 
Companies
FTX’s Sam Bankman-Fried must stop contacting former employees, prosecutors say 
By Leo SchwartzJanuary 28, 2023
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A dropout living in a trailer, he got $1 million from Peter Thiel at 19—now he's a billionaire who says the American Dream isn't deadplaceholder alt text
By Orianna Rosa RoyleAugust 18, 2026
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