Fortune Peak is a mountain summit located along the common border of Kittitas County and Chelan County, in Washington state. Fortune Peak is the second-highest point in the Teanaway area of the Wenatchee Mountains. It is situated south-southwest of Ingalls Peak, and southwest of Lake Ingalls, on the Alpine Lakes Wilderness boundary, on land managed by Wenatchee National Forest. Precipitation runoff from the peak drains northwest into Fortune Creek, a tributary of Cle Elum River; south into tributaries of Teanaway River; or east into Ingalls Creek which is part of the Wenatchee River drainage basin. This peak is unofficially named for its position at the head of Fortune Creek. This creek was where the Queen of the Hills and Ruby Mines were located. Queen of the Hills was a lode gold mine, whereas the Ruby Mine produced antimony, copper, lead, and silver with a by-product of gold.