James Stephen Fossett was born April 22, 1944, in Jackson, Tennessee. Childhood and youth passed in Garden Grove, California. From a young age Steve Fossett was a member of the Scout Movement. In 1966, Fossett graduated from Stanford University with a degree in economics. In 1968 he was awarded the title of Master of Economics at Washington University in St. Louis, Missouri. In the same year, Steve Fossett married Peggy Wieland. Up to 40 years old Fossett was known only in business circles. He made a very successful career at the exchange, and even became the founder of the largest U.S. trading corporation Lakota Trading Inc., Co-owner of the company Scaled Composites. In 1985, apparently bored of achievements in business, Steve Fossett decided to swim the English Channel. It was just a challenge to myself – and the fourth time he did it. Incidentally, it is interesting that for the first extreme achievement, Steve has committed, not invested in it, no dollar. In the future it will also be very practical given his passion for extreme entertainment.