Forbes US - August - September 2024

In this issue

The Art of the Spiel
Billionaire Christian Angermayer has backed seemingly every flashy investment of the last decade: crypto, psychedelics, brain implants, longevity. With boundless bravado and a roster of famous friends, he’s getting ready to launch an Olympiad for athletes on steroids.
By Will Yakowicz and Brandon Kochkodin

Hometown Hero
After borrowing $125,000 to buy his local sub shop at 17, Peter Cancro has grown Jersey Mike’s into one of America’s fastest-growing restaurant chains, with nearly $4 billion in sales. Now the multibillionaire faces a big decision: Cash out or stay hungry?
By Jemima McEvoy

BROOKE'S NEW ACT

After decades of serving as the face of other people's brands, Brooke Shields is embracing a new role: entrepreneur.

4 mins

HIV Hail Mary

Medical database billionaire TERRY RAGON believes he can succeed where major governments have failed: by bringing together top doctors, scientists and engineers in a moon-shot bid to cure one of the world's wiliest viruses.

5 mins

Rare Fortune

Hedge fund manager JAMES LITINSKY just wanted to salvage a bunch of bad bonds. He ended up making a mint from rare earths and bolstering U.S. strategic interests-with a little help from the Chinese.

6 mins

Supercharging AI

Nvidia has utterly dominated the market for AI chips by repurposing semiconductors originally designed for video games. Now GROQ, a tiny eight-year-old startup, is taking on one of the world's most valuable companies with a purpose-built chip designed for AI from scratch.

4 mins

Grandmaster of Risk

At Prudential Financial, ex-NASA engineer GEORGE PATTERSON runs through a few trillion calculations to make a client happy.

4 mins

MOOKIE'S FUNHOUSE

In a private tour of his new Los Angeles mansion, the Dodgers' All-Star shortstop goes deep on his big-league business ambitions-and why he wants to be a bowling kingpin.

4 mins

HOME TOWN HERO.

AFTER BORROWING $125,000 TO BUY HIS LOCAL SUB SHOP AT AGE 17, PETER CANCRO HAS BUILT JERSEY MIKE'S INTO ONE OF AMERICA'S FASTEST-GROWING RESTAURANT CHAINS, WITH NEARLY $4 BILLION IN SALES. NOW THE MULTIBILLIONAIRE FACES A BIG DECISION: CASH OUT OR STAY HUNGRY?

10+ mins

THE COMPASSIONATE COLLECTOR

Phaedra Ellis-Lamkins built PROMISE into a $520 million powerhouse by helping municipalities collect unpaid bills with text messages and zero-interest plans.

8 mins

The Art Of The Spiel

BILLIONAIRE CHRISTIAN ANGERMAYER HAS BACKED SEEMINGLY EVERY FLASHY INVESTMENT OF THE LAST DECADE: CRYPTO, PSYCHEDELICS, BRAIN IMPLANTS, LONGEVITY. WITH BOUNDLESS BRAVADO AND A ROSTER OF FAMOUS FRIENDS INCLUDING PETER THIEL, UMA THURMAN AND THE PRESIDENT OF RWANDA-HE'S GETTING READY TO LAUNCH AN OLYMPIAD FOR ATHLETES ON STEROIDS.

10+ mins

The Sins of Ruth Madoff

IN AN EXCLUSIVE EXCERPT FROM MADOFF: THE FINAL WORD, THE PONZI KING'S WIFE IS PORTRAYED AS A LIAR. TRAINED AS A BOOKKEEPER, SHE REGULARLY RECONCILED THE ACCOUNT THAT HOUSED THE $68 BILLION FRAUD FOR DECADES. THE INSIDE STORY OF WHY \"RUTHIE BOOKS\" AND HER TWO SONS WERE NEVER CHARGED WITH A CRIME.

8 mins

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Forbes US Magazine Description:

Forbes is an American business magazine published by Forbes. It is one of the most respected business magazines in the world and has been in publication since 1917.

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