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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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1

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

3

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
A working businessman at a desk
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
More CompaniesPage 44 of 49
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
  • How will the Binance-FTX drama affect Solana? Here’s what we know so far
    The Coins
    How will the Binance-FTX drama affect Solana? Here’s what we know so far
    By Taylor LockeNovember 9, 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
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
Kraken’s incoming CEO labels FTX and SBF as ‘thieves,’ says acquisition rumors unfounded
Companies
Kraken’s incoming CEO labels FTX and SBF as ‘thieves,’ says acquisition rumors unfounded
By Taylor LockeNovember 17, 2022
FTX users have a leg up on other crypto bankruptcy victims—on paper
Companies
FTX users have a leg up on other crypto bankruptcy victims—on paper
By Megan LeonhardtNovember 17, 2022
The abandoned worksite for the planned FTX headquarters in the Bahamas.
Companies
FTX broke ground on a $60M Bahamas headquarters in April. Construction never started
By Leo SchwartzNovember 17, 2022
  • Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks.
    Companies
    What the hell just happened in crypto? A Q&A in plain English about Binance’s takedown of FTX
    By Jeff John RobertsNovember 8, 2022
Binance CEO Changpeng Zhao
Companies
‘We didn’t even notice’: Binance CEO CZ says too much was made of alleged rivalry with Sam Bankman-Fried and FTX
By Marco Quiroz-GutierrezNovember 17, 2022
The marina at the luxury Albany resort, the location of Sam Bankman-Fried's penthouse
Companies
As FTX crumbled, Sam Bankman-Fried’s Bahamas penthouse was put up for sale. The listing was a fake
By Leo SchwartzNovember 17, 2022
Coinbase CEO Brian Armstrong
Companies
Coinbase’s Brian Armstrong and Messari’s Ryan Selkis on crypto rebuilding its reputation after SBF ‘made a lot of people look silly’ in D.C.
By Marco Quiroz-GutierrezNovember 16, 2022
Shot of former FTX CEO Sam Bankman-Fried speaking at a panel
Companies
Sam Bankman-Fried doesn’t want you to see old tweets about Tom Brady and about FTX being solvent: ‘We don’t invest client assets’
By Tristan BoveNovember 16, 2022
Changpeng ‘CZ’ Zhao won this crypto war. Is he any better than Sam Bankman-Fried?
Companies
Changpeng ‘CZ’ Zhao won this crypto war. Is he any better than Sam Bankman-Fried?
By Vivienne WaltNovember 16, 2022
  • Sam Bankman-Fried of FTX and Changpeng Zhao of Binance.
    Companies
    So much for decentralization: Binance scooping up rival FTX ignites Crypto Twitter
    By Marco Quiroz-GutierrezNovember 8, 2022
Matter Labs raises $200M to grow team behind Ethereum scaling solution
Companies
Matter Labs raises $200M to grow team behind Ethereum scaling solution
By Taylor LockeNovember 16, 2022
Sam Bankman-Fried testifying in Washington, D.C.
Companies
Politicians are regifting Sam Bankman-Fried’s donations to distance themselves from the disgraced FTX founder
By Marco Quiroz-GutierrezNovember 15, 2022
Shot of Binance CEO Changpeng Zhao onstage at the 2022 Web Summit in Lisbon
Companies
The head of the world’s largest crypto exchange says that most people shouldn’t invest right now
By Tristan BoveNovember 15, 2022
Shot of David Kelleher, CEO of Better Markets, standing in his office looking out a window
Companies
‘The fiction of crypto was visible to all who wanted to see’: One of DC’s top financial reform voices tears into the ‘greed’ and ‘FOMO’ that led to the FTX collapse
By Tristan BoveNovember 14, 2022
Shot of Binance CEO Changpeng Zhao speaking onstage at a Binance event in Italy
Companies
Binance’s CZ says he never shorted FTX’s crypto token—and the decision to stop selling it was ‘very expensive’
By Tristan BoveNovember 14, 2022
Sam Bankman-Fried
Companies
Sam Bankman-Fried’s cryptic Twitter posts appear to be slowly spelling out ‘What happened’
By Marco Quiroz-GutierrezNovember 14, 2022
Shot of Microstrategy CEO Michael Saylor speaking onstage at then 2022 DC Blockchain Summit
Companies
‘We’ll prove them all wrong.’ Michael Saylor, Crypto.com CEO Kris Marszalek, and El Salvador’s president defend crypto in the wake of FTX’s crash
By Tristan BoveNovember 14, 2022
FTX Arena
Companies
FTX still on the hook for $16.5 million after Miami naming rights deal evaporates
By Marco Quiroz-GutierrezNovember 14, 2022
A hacker stole $400M from FTX this weekend. Here’s what we know so far
Companies
A hacker stole $400M from FTX this weekend. Here’s what we know so far
By Leo SchwartzNovember 14, 2022
Sam Bankman-Fried
Companies
FTX says there was ‘unauthorized access’ to its accounts after bankruptcy. Analysts suspect an inside job
By Cathy Bussewitz and The Associated PressNovember 13, 2022
Shot of Binance founder and CEO Changpeng Zhao speaking on stage
Companies
Binance’s CZ compares current crypto crash to 2008 financial crisis but insists ‘the market will heal itself’
By Tristan BoveNovember 11, 2022
A partial look at the SBF empire’s investments, including lead investments and major companies in the crypto space
Companies
‘10 cents on the dollar’: What happens if Sam Bankman-Fried’s empire is forced into a fire sale of its investments
By Leo Schwartz and Anne SradersNovember 10, 2022
With FTX on the verge of collapse, customers are wondering what happens to their crypto. Here’s what to do if you have an account there
Companies
With FTX on the verge of collapse, customers are wondering what happens to their crypto. Here’s what to do if you have an account there
By Megan LeonhardtNovember 10, 2022
Sam Bankman-Fried
Regulators
Both the DOJ and SEC are probing potential criminal activity, securities offenses at FTX, source says
By Ken Sweet, Michael Balsamo and The Associated PressNovember 10, 2022
Sam Bankman-Fried speaking during an interview with Bloomberg
Companies
Sam Bankman-Fried breaks silence on what went wrong with FTX: ‘I f****d up twice’
By Tristan BoveNovember 10, 2022
People charmed by FTX CEO Sam Bankman-Fried will be ‘looking and feeling fairly silly,’ Larry Summers warns of crypto crackdown
Regulators
People charmed by FTX CEO Sam Bankman-Fried will be ‘looking and feeling fairly silly,’ Larry Summers warns of crypto crackdown
By Chris MorrisNovember 10, 2022
Sam Bankman-Fried
Companies
Europe’s biggest digital asset investment firm reveals $30.3 million exposure to FTX
By Emily Nicolle and BloombergNovember 10, 2022
Sam Bankman-Fried
Companies
‘I’m sorry, I f****d up.’ Sam Bankman-Fried needs $4 billion. Fast
By Sophie MellorNovember 10, 2022
Sam Bankman-Fried
Companies
After Binance says saving FTX is ‘beyond our control,’ what’s next for SBF—and crypto as a whole?
By Marco Quiroz-GutierrezNovember 9, 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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