Peter Thiel Net Worth: Peter Andreas Thiel is an American businessman, venture capitalist, and political activist. He made the first outside investment in Facebook, where he serves as a director, and co-founded Palantir Technologies, where he is chairman.
In this article, we’ll look at Peter Thiel’s incredible net worth, a visionary entrepreneur and investor whose impact extends to the technology and financial industries.
Who is Peter Thiel?
Peter Thiel is a venture capitalist, political activist, and American entrepreneur. He co-founded PayPal, Palantir Technologies, and Founders Fund, and was Facebook’s first outside investor.
Thiel formerly worked as a securities lawyer at Sullivan & Cromwell, a speechwriter for former United States Secretary of Education William Bennett, and a derivatives trader at Credit Suisse. He started Thiel Capital Management in 1996 and PayPal with Max Levchin and Luke Nosek in 1998. He was PayPal’s CEO until its $1.5 billion sale by eBay in 2002.
Peter Thiel Net Worth
According to Forbes, Peter Thiel is an American venture capitalist, author, and entrepreneur with a net worth of $9.2 billion. In 2014, he ranked fourth on the Forbes Midas List. In 2017, he was named to the Forbes 400 list.
Thiel co-founded PayPal with entrepreneur Elon Musk in 1999. He served as the company’s CEO until its acquisition by eBay in 2002. Thiel is the writer of “Zero to One” and “The Diversity Myth: Multiculturalism and Political Intolerance on Campus.”
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How He Became the CEO of PayPal?
In the summer of 1998, a 23-year-old Stanford PhD student called Max Levchin attended a lecture given by Peter. The two became friends, and Peter eventually provided Max with the capital he needed to begin what became PayPal.
Max’s goal was to create a payment system that allowed payments to be transmitted between Hand electronic devices. Peter eventually became the company’s chairman and CEO.
Thiel left shortly after the deal was finalized, and Elon Musk took over as CEO of the combined company, which assumed the PayPal moniker. PayPal’s board replaced Elon as CEO in September 2000, and Thiel returned to lead the company.
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Companies of Peter Thiel
Thiel has contributed to the formation and growth of several well-known businesses. These include PayPal, Palantir Technologies, Founders Fund, Clarium Capital, Valar Ventures, and Mithril Capital.
He has also worked as a part-time partner at Y Combinator and is actively involved in the Thiel Foundation, which oversees grant-making organizations such as Breakout Labs and the Thiel Fellowship.
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Peter Thiel Political Activities
Thiel considers himself a conservative libertarian, but in recent times he has also expressed support for national conservatism and criticized economically liberal views on big tech and free trade.
Thiel is on the Bilderberg Group’s Steering Committee, which is a secret conference of experts, political leaders, and business executives held annually.
Peter Thiel Personal Life
In October 2017, Thiel married his longtime partner Matt Danzeisen in Vienna, Austria. Thiel was also in a long-term relationship with Jeff Thomas, a social media influencer, from the beginning of the COVID-19 pandemic until his untimely death in March 2023.
Conclusion
In conclusion, Peter Thiel’s outstanding career and $9.2 billion net worth indicate his significant impact in technology, banking, and politics. Thiel’s ventures and successes, which include co-founding PayPal and Palantir Technologies as well as investing in Facebook, highlight his status as a key figure in Silicon Valley and beyond.