Peter Thiel has written books that have sold over a million copies in the New York Times and is one of the most famous businesspeople in the world. Peter Thiel started businesses and put money into them.
He helped start PayPal, was CEO of it, and took it public. It was he who put the first outside money into Facebook, and he is now a director there. He also co-founded Palantir Technologies and is the head of that company.
Early funding from Thiel went to LinkedIn, Yelp, and dozens of other startups. Many of them are run by former coworkers, who have been called the “PayPal Mafia.” He started a hedge fund and co-wrote the best-selling book Zero to One about business.
Peter is now in charge of three venture capital groups. If you want to know how much Peter Thiel is worth, this piece will tell you.
Peter Thiel’s Net Worth in 2024
Peter Thiel is an American businessman, hedge fund manager, and venture capitalist who was born in Germany and has a net worth of $7 billion,according to Celebrity Net Worth.
The first time Peter got rich was when he helped to start PayPal. When he became the first outside investor in a company that was then called TheFaceBook.com, he made a lot of money again.
At that time, Mark Zuckerberg was on break from his sophomore year at Harvard. In 2004, Thiel gave him $500k in return for a 10.2% stake in the new social network company. The bet made Thiel a lot of money.
And even though he sold most of his Facebook shares soon after the company went public, he stayed on the Board of Directors until 2022. He has put his money into a lot of different businesses besides Facebook, but the company Palantir stands out.
How does Peter Thiel get his money?
Investments and Venture Capital: Peter Thiel is a tech investor who loves the field. He has put money into businesses like Palantir Technologies, Facebook, OpenAI, Stripe, and more.
He is a partner at Founders Fund, a venture capital business in Silicon Valley that has given money to companies like Airbnb and SpaceX.
Hedge Funds: He used money from family and friends to start Thiel Capital, a hedge fund. Then, in 1998, he met Max Levchin, a young cryptographer, and put money into his new business. The news outlet Bloomberg wrote in 2021 that Thiel kept some of his money from being taxed by investing through a Roth IRA.
Startups: Peter Thiel helped start the big data company Palantir, which went public in 2020 and was backed by the CIA.
Cryptocurrency: At first, Thiel wasn’t sure how he felt about cryptocurrencies. He was skeptical and interested in what blockchain could do. Thiel has put a lot of money into crypto companies, both personally and through his venture capital funds.
He has also said good things about blockchain technologies’ prospects. “Bitcoin is the world’s most open market…” He said at the Bitcoin 2022 meeting, “It is the best market.”
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Peter Thiel’s Entrepreneurship and Investment
The 2022 shareholder statement for Palantir Technologies shows that Thiel owns about 7% of the company. He owns shares in Thiel Capital, PLTR Holdings, PT Ventures, STS Holdings II, Rivendell 7, and Rivendell 25, so he is given the same number of shares that these companies do.
Through his stake in the venture capital firm Founders Fund, the billionaire indirectly owns shares in several businesses. Based on the company’s 2022 Form ADV report, we can figure out that he owns 42.5% of the business. From what it has found, insiders own 22% of the $32.5 billion in assets that its funds handle.
Thiel puts money into companies like Compass Pathways and AbCellera Biologics that are not part of the Founders Fund. In 2002, PayPal put up shares for sale to the public at $13 each. eBay then bought PayPal for $1.5 billion.
He began Palantir Technologies Inc. with Dr. Alexander Karp in 2004. Peter also gave Mark Zuckerberg a loan of $500,000. Later, he turned that loan into a share of Facebook.
In 2015, Palantir raised $680 million in funding, which put its value at $20 billion. In 2016, he became a part of President-Elect Trump’s transition team.
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