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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
Personal Finance
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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Crypto coins
Companies
A crypto mystery: Why did no one short FTX?
By Jeff John Roberts and Jessica MathewsJanuary 3, 2023
  • Photo collage of Sam Bankman-Fried with Bahamas imagery.
    Companies
    Inside Sam Bankman-Fried’s extravagant penthouse lifestyle in the Bahamas, where the T-shirt-clad FTX founder lived like royalty
    By Leo SchwartzNovember 22, 2022
Fortune Crypto’s 2022 Jealousy List
Companies
Fortune Crypto’s 2022 Jealousy List
By Leo SchwartzJanuary 2, 2023
The 10 biggest crypto funding rounds of 2022
Companies
The 10 biggest crypto funding rounds of 2022
By Leo SchwartzDecember 29, 2022
Cogni app
Companies
In a banking industry first, neobank Cogni adds noncustodial Web3 wallet
By Jeff John RobertsDecember 22, 2022
The U.S. Securities and Exchange Commission seal hangs on the facade of its building
Companies
Sam Bankman-Fried lieutenant Caroline Ellison charged with fraud over FTX crypto price manipulation
By Jeff John RobertsDecember 21, 2022
Foundation Devices Bitcoin wallet
Companies
Foundation Devices raises $7M for Passport, a ‘truly air gapped’ Bitcoin hardware wallet
By Jeff John RobertsDecember 19, 2022
  • Sam Bankman-Fried
    Companies
    Congress will be taking a closer look at Sam Bankman-Fried’s political spending spree
    By Marco Quiroz-GutierrezNovember 21, 2022
Portrait of Binance CEO Changpeng Zhao.
Companies
How stable is Binance, really?
By Jeff John RobertsDecember 16, 2022
Blocknative raises $15 million to provide global infrastructure to Ethereum
Companies
Blocknative raises $15 million to provide global infrastructure to Ethereum
By Leo SchwartzDecember 15, 2022
A woman from the war-scarred Ukrainian region of Zaporizhzhia hangs laundry in a hall that is her temporary hom
Companies
UN to send displaced Ukrainians USDC to convert into local currencies
By Marco Quiroz-GutierrezDecember 15, 2022
PayPal launches integration with MetaMask Web3 wallet for Ethereum transactions
Companies
PayPal launches integration with MetaMask Web3 wallet for Ethereum transactions
By Marco Quiroz-GutierrezDecember 14, 2022
Prosecutors give a stark warning to other crypto platforms in the wake of the SBF indictment and call it ‘one of the biggest financial frauds in American history’
Regulators
Prosecutors give a stark warning to other crypto platforms in the wake of the SBF indictment and call it ‘one of the biggest financial frauds in American history’
By Tristan BoveDecember 13, 2022
  • A woman measuring the height of a life-sized Bitcoin
    Companies
    ‘Everyone’s learning crypto bankruptcy right now.’ The FTX crash is set to be a ‘gold rush’ for lawyers
    By Tristan BoveNovember 19, 2022
Former FTX CEO Sam Bankman-Fried was arrested, and the memes can barely keep up
Regulators
Former FTX CEO Sam Bankman-Fried was arrested, and the memes can barely keep up
By Marco Quiroz-GutierrezDecember 13, 2022
Former FTX CEO Sam Bankman-Fried arrested by Bahamian authorities
Companies
Former FTX CEO Sam Bankman-Fried arrested by Bahamian authorities
By Marco Quiroz-GutierrezDecember 12, 2022
Installation of Hivemapper's dashcam.
Companies
Hivemapper wants to be a crypto-powered Google Maps, but insider tokenomics and product delays could foil the $18M plan
By Leo SchwartzDecember 8, 2022
Taylor Swift
Companies
SBF wanted the FTX celebrity spending spree to include a $100 million Taylor Swift sponsorship
By Marco Quiroz-GutierrezDecember 7, 2022
Ledger Stax
Companies
Legendary Apple designer lends his touch to new Ledger Stax crypto wallet
By Jeff John RobertsDecember 6, 2022
Bitwave co-founders Pat White and Amy Kalnoki.
Companies
Bitwave raises $15 million Series A to expand crypto accounting software 
By Leo SchwartzDecember 6, 2022
ConsenSys CEO Joe Lubin addresses MetaMask privacy concerns, commits to more transparency
Companies
ConsenSys CEO Joe Lubin addresses MetaMask privacy concerns, commits to more transparency
By Leo SchwartzDecember 6, 2022
Shoppers in SoHo
Companies
Photos on Twitter appear to show Caroline Ellison in New York City, prompting speculation of FTX-linked plea deal
By Marco Quiroz-GutierrezDecember 5, 2022
Circle CEO Jeremy Allaire at Fortune's Brainstorm Finance conference on June 19, 2019, in Montauk, N.Y.
Companies
Circle pulls the plug on SPAC as stablecoin giant announces it is profitable
By Jeff John RobertsDecember 5, 2022
Embattled KuCoin CEO defends high-yield product, hires accountants to verify reserves
Companies
Embattled KuCoin CEO defends high-yield product, hires accountants to verify reserves
By Leo SchwartzDecember 5, 2022
Apple store
Companies
Coinbase says Apple is demanding 30% cut of NFT gas fees before allowing digital wallet update
By Marco Quiroz-GutierrezDecember 1, 2022
Stripe cofounders
Companies
Payments giant Stripe jumps into Web3 with tool that helps companies turn cash to crypto
By Marco Quiroz-GutierrezDecember 1, 2022
Web3 Working Group and Sen. Booker
Companies
Web3 Working Group raises $2 million for crypto education aimed at consumers and regulators 
By Leo SchwartzDecember 1, 2022
Photo of Sam Bankman-Fried
Companies
‘There were no wild parties’: FTX’s Sam Bankman-Fried pushes back on depiction of raucous, drug-fueled lifestyle with coworkers
By Alena BotrosNovember 30, 2022
The latest victims of Crypto Winter? Nearly one-third of Kraken employees
Companies
The latest victims of Crypto Winter? Nearly one-third of Kraken employees
By Marco Quiroz-GutierrezNovember 30, 2022
Uniswap launches an NFT aggregator after acquiring Genie
Companies
Uniswap launches an NFT aggregator after acquiring Genie
By Taylor LockeNovember 30, 2022
Bitcoin storage company Casa to launch Ethereum wallets as demand rises post-FTX collapse
Companies
Bitcoin storage company Casa to launch Ethereum wallets as demand rises post-FTX collapse
By Taylor LockeNovember 30, 2022
Sam Bankman-Fried
Companies
Sam Bankman-Fried says he donated just as many millions to Republicans as Democrats, but didn’t publicize it because reporters would ‘freak the f–k out’
By Marco Quiroz-GutierrezNovember 29, 2022
FTX Arena
Companies
Miami-Dade County wants FTX deal terminated immediately so it can find a new arena sponsor
By Marco Quiroz-GutierrezNovember 28, 2022
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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
Personal Finance
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By Joseph HostetlerAugust 18, 2026
Personal Finance
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By Joseph HostetlerAugust 18, 2026
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