Peter Thiel net worth-American business mogul and political activist, Peter Andreas Thiel was born on October 11, 1967, in Frankfurt am Main, West Germany.
How much is Peter Thiel worth?
According to online reports, Peter Thiel has an impressive net worth estimated to be about $6.3 billion as of 2023. He had an estimated initial 10.2% investment in Facebook, worth at the time close to $2 billion, which he mostly sold off after the company’s IPO in 2012. He also continues to own shares in a number of profitable digital companies, including Spotify and Uber.
In essence, Peter Thiel’s net worth is determined by deducting his assets from his liabilities. He has invested in a number of businesses throughout the course of his distinguished career as a venture capitalist, including Facebook, Uber, and Spotify.
How did Peter Thiel made his money?
Peter Thiel amassed wealth by making numerous investments in tech firms. He co-founded PayPal in 1999 with the belief that users would prefer a more convenient way to make payments online. After the company’s initial public offering and subsequent all-stock sale to eBay in 2002, he ultimately earned close to $90 million.
After making a profitable investment with PayPal, the skilled attorney established the hedge fund Clarium Capital. Within six years, the company’s assets increased to nearly $8 billion. Clarium’s wealth was reduced to a few hundred million dollars after the financial crises, practically all of which belonged to Thiel.
Being a wise investor, Thiel was the first outsider to invest in Facebook, lending Mark Zukerberg $500,000 in June 2004.
Despite having sold the majority of his social network stock, he continues to serve on the board of the business. He co-founded Palantir Technologies in 2004, a big data firm financed by the CIA that went public in 2020 through a SPAC and had a $37 billion market cap by the beginning of May 2021.
Additionally, Thiel has a track record of making a lot of modest but lucrative venture-stage investments in businesses, including LinkedIn, Zynga, Stripe, and SpaceX, among others.
Peter Thiel career
Thiel was the first outside investor in Facebook and co-founded PayPal, Palantir Technologies, and Founders Fund. Thiel was ranked 213th on the Bloomberg Billionaires Index as of June 2023 and is believed to have a $9.7 billion net worth.
He held positions as a derivatives trader at Credit Suisse, a speechwriter for William Bennett, a former U.S. secretary of education, and a securities attorney at Sullivan & Cromwell.
In 1996, he started Thiel Capital Management. Together with Max Levchin and Luke Nosek, he co-founded PayPal in 1998. He led the company as CEO up until its $1.5 billion sale to eBay in 2002.
He started Clarium Capital, a San Francisco-based global macro hedge fund, after PayPal. He founded Palantir Technologies, a large data analysis business, in 2003 and has served as its chairman ever since.
Together with Ken Howery and Luke Nosek, partners at PayPal, he founded Founders Fund in 2005. Earlier, Thiel bought a 10.2% share in Facebook for $500,000 in August 2004, making him the company’s first outside investor.
He remained on the board of directors despite selling the majority of his Facebook shares for more than $1 billion in 2012. Thiel was controversially granted New Zealand citizenship in 2011 after spending 12 days there non-consecutively thanks to the Fifth National Government’s intervention on his behalf.
He served as the investment committee chair when he co-founded Mithril Capital in 2012, co-founded Valar Ventures in 2010, and worked part-time as a partner at Y Combinator from 2015 to 2017.
Thiel oversees Breakout Labs and the Thiel Fellowship through the Thiel Foundation, which also finances non-profit research into artificial intelligence, life extension, and seasteading.
Because Gawker had previously revealed Thiel’s sexual orientation, Thiel acknowledged in 2016 that he had paid Hulk Hogan’s legal fees in the Bollea v. Gawker litigation.
The lawsuit ultimately caused Gawker to go bankrupt, and its founder Nick Denton filed for bankruptcy as a result. Thiel is a libertarian conservative who has contributed significantly to right-wing individuals and organizations in the United States.
Thiel started playing chess when he was six years old and was once among the best young players in the United States. Despite being a Life Master, he hasn’t participated in a competition since 2003.
Thiel made the official opening move on November 30, 2016, in the opening tiebreak game of the 2016 World Chess Championship between Sergey Karjakin and Magnus Carlsen.
Thiel is a sporadic CNBC analyst who has been on both Squawk Box with Becky Quick and Closing Bell with Kelly Evans. He has been the subject of two Charlie Rose on PBS interviews.
Additionally, he has written for publications like The Wall Street Journal, First Things, Forbes, and Policy Review, which was once published by the Hoover Institution, a body he serves on.
Wallace Langham played Thiel in The Social Network. The movie, in his words, was “wrong on many levels.” On HBO’s Silicon Valley, Thiel served as the model for the Peter Gregory character.
Thiel was the inspiration for the Tobias Erkner character in Jonas Lüscher’s book Kraft (“Force”), the author claimed in an interview with Basellandschaftliche Zeitung.
The song and music video for Right Time to Thiel by comedian Jan Böhmermann (2022) is in the style of the Bond theme.
Source: www.Ghgossip.com
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