Peter Thiel, a German-American billionaire entrepreneur, venture capitalist, and political activist, is the co-founder of PayPal, Palantir Technologies, and Founders Fund. He was the first outside investor in Facebook. As of October 2023, Thiel had an estimated net worth of $9.7 billion, ranking him 213th on the Bloomberg Billionaires Index.
Peter Thiel Summary
| Category: | Richest Business › CEOs |
|---|---|
| Net Worth: | $9.7 Billion |
| Date of Birth: | Oct 11, 1967 (55 years old) |
| Place of Birth: | Frankfurt |
| Gender: | Male |
| Profession: | Entrepreneur, Businessperson, Investor, Venture capitalist |
| Nationality: | United States of America |
How did Peter Thiel make his money?
Thiel’s fortune was seeded by investments in technology companies including Facebook and PayPal, which he has leveraged into investments in hedge funds and other tech companies.
- PayPal: Thiel co-founded PayPal in 1999 and served as its CEO until its acquisition by eBay in 2002. He sold his stake in PayPal for $500 million, which formed the foundation of his fortune.
- Facebook: Thiel was the first outside investor in Facebook, investing $500,000 in the company in 2004. He sold his stake in Facebook for $3 billion in 2012.
- Founders Fund: Thiel co-founded Founders Fund in 2005, a venture capital firm that invests in early-stage technology companies. Founders Fund has invested in a number of successful companies, including Stripe, SpaceX, and Airbnb.
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Other investments
In addition to his investments in technology companies, Thiel also has stakes in a number of other businesses, including hedge funds, real estate, and cryptocurrency.
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Peter Thiel Financial Journey
Peter Thiel is a German-American billionaire entrepreneur, venture capitalist, and political activist. He is the co-founder of PayPal, Palantir Technologies, and Founders Fund. Thiel was the first outside investor in Facebook. As of October 2023, Thiel had an estimated net worth of $9.7 billion, ranking him 213th on the Bloomberg Billionaires Index.
Thiel’s fortune was seeded by investments in technology companies including Facebook and PayPal, which he has leveraged into investments in hedge funds and other tech companies. He is also a controversial figure, known for his libertarian political views and his support of Donald Trump.
Despite his wealth and success, Thiel remains a relatively private figure. He rarely gives interviews and avoids the spotlight. However, his investments in some of the most successful tech companies in the world have made him one of the most influential people in the industry.
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