American entrepreneur Peter Thiel is best known for co-founding the business ventures such as Founders Fund, Palantir Technologies, and PayPal. Among the public, he is also popular as the first outsider investor to own a 10.2% stake on Facebook.
Also, Peter worked as a partner at Y Combinator from 2015 to 2017. Besides that, he served as the producer in the film, Thank You for Smoking, TV show, Squawk Box, and documentary, The Virtual Revolution.
As of March 2020, Thiel has an estimated net worth of $3.3 billion. In 2019, he was worth $2.3 billion. Additionally, in the 2014 Forbes Midas List, he was at 4th position with the fortune of $2.2 billion. Likewise, he was ranked No. 328 on Forbes 400 with a wealth of $2.5 billion in 2018.
52 years old Peter Thiel began his career working as a clerk of the United States court. After that, he tried his luck applying for the Supreme Court as a clerk, but he was not selected. Then, a few years later, he resigned from the job and moved to the security lawyer in New York.
After serving there for around seven months, Peter left the work and started to serve as a derivatives trader at Credit Suisse for the forex options. Again, he worked as a speechwriter for the United States Secretary of Education in 1993.
Later, Thiel thought of starting his own business and burrowed $1 million from friends and families to invest in Capital Management. His investment did not work well for him. After this failure, his mates gave him an idea to form a new company related to cryptography. Finally, in 1998, he created his first company, Confinity.
Peter co-founded an American company operating a worldwide online payments system, PayPal 1998, and worked as a chief executive officer until the firm was sold to eBay for $1.5 billion in 2002.
Then, Thiel formed a global macro hedge fund, Clarium Capital, immediately after selling PayPal. Additionally, he founded a private software company in big data analytics titled Palantir Technologies in 2004 and served as a chairman.
Moreover, in August 2004, President of Clarium Capital Thiel was the first outside to invest $500,000 and joined the board of directors after acquiring a 10.2 % stake. Then, he sold his majority of Facebook’s shares for more than $1 billion in 2012 but still was on the board of directors with an available share of $1.9 million shares.
Similarly, Peter launched a venture capital firm, Founders Fund with his PayPal mates Ken Howery and Luke Nosek in 2005. Furthermore, the businessman is also known as the founder of ventures like Founders Fund, Thiel Foundation, Valar Ventures, and Breakout Labs.
Peter owns a lavish house in Hollywood Hills, Los Angeles, California. The house covering 4,208 square feet includes three bedrooms and three bathrooms.
In July 2019, the investor purchased the estate paying $5 million, which was on the market for sale, asking $6 million.
As per the reports, he had listed his San Francisco bungalow for $9.25 million in May 2016. Later, the mansion was sold for $7.4 million.
Peter Thiel was born Peter Andreas Thiel on October 11, 1967, in Frankfurt, West Germany, to parents.
As he was born to German parents, Susanne Thiel and Klaus Thiel, he holds three nationalities, German, New Zealand, and American. Thiel spent his childhood with his brother, Patrick Thiel.
Talking about his education, Peter graduated from Stanford Law School. Then, he attended Stanford University. Likewise, he earned a Bachelor of Arts degree at Stanford Law School.
PayPal co-founder Peter Thiel is married to his long-time partner Matt Danzeisen. His husband is a portfolio manager at Thiel Capital.
The couple dated for several years and finally exchanged wedding vows in October 2017. The duo tied the knot in Vienna, Austria, in front of their parents, close relatives, and friends.
Peter is openly gay and supports gay rights with the foundation like the American Foundation For Equal Rights and GOProud.
Additionally, Thiel donated $1 million to the conservation organization, Club for Growth and $10,000 to All Families to fight Minnesota Amendment.