How Peter Thiel Made $10 Billion Without Ever Working
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- Опубликовано: 21 май 2024
- Have you ever heard of a self-made billionaire who made it there with minimal effort from themselves? Whether they’re a tech billionaire, a finance billionaire, or a real estate billionaire, usually getting to where they are takes decades of grinding. But there is one guy who was able to not just make $1 billion but $10 billion without ever really working, and that guy is Peter Thiel. The bulk of Peter’s wealth was made through early-stage startup investments. This included the likes of PayPal, Facebook, Ethereum, Lyft, Yelp, Airbnb, Spotify, SpaceX, and Stripe. And the craziest part is that he didn’t even start off with his own money, he actually started with borrowed money from friends and family. He would take a spread on the profit that he made for his friends and family, and eventually, he had enough capital to make investments himself. This video tells the insane story of Peter Thield and how he was able to make $10 billion without ever working.
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Timestamps:
0:00 - Peter Thiel
2:05 - Completely Lost
5:39 - Thiel Capital Management
8:32 - Winning Streak Of A Lifetime
Thumbnail Credit:
John Lamparski - Getty Images
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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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I can never catch a break in the stock market. I was up by nearly $4000 but I regret not selling sooner. sometimes I think I am too impulsive and sometimes I think I'm not fast enough.the Market is too volatile.
It's frustrating to be up by nearly $4000 and then see it disappear. The stock market can be so unpredictable and volatile, it's easy to feel like you're constantly second-guessing yourself. It's tough to know when to sell and when to hold, and even tougher when you feel like you're missing out on potential gains or taking unnecessary losses. It's enough to make you want to pull your hair out! It's a constant rollercoaster of emotions and it's easy to feel like you're the only one struggling.
you're not alone in this. Many investors face the same challenges and frustrations as you do. It's just part of the game. But it's important to remember that with the right mindset and strategy, you can improve your chances of success in the market.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Kristin Amy Rose is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Hi, I started my 100k portfolio last year with SCHD, VOO, and VUG after watching one of your videos. In terms of share price, VOO is way up (22.25%) and VUG is waaaaay up (39.62%). Thanks for the education! Hoping this is a valid thought process?
Wasn't a great April but if you step back and actually look you will see the S&P 500 was up for the first Quarter. In the last 30 days, my IRA saw a gain of $30k.
The market's instability makes DIY risky. You don't need to find the next NVDA to succeed in investing. Opt for top-notch ETFs, dividend aristocrats, and a trusted advisor. I've turned 130k into $17k in annual dividends, a major milestone.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Jennifer Leigh Hickman has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend her if you want excellent collaboration.
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
The absence of stock investments has left me with a sense of remorse, albeit I'm appreciative of my decision to maintain funds in the money market. With roughly $200k nearing maturity, I'm gearing up to step into the stock market. Could you advise me on suitable stocks for a beginner looking to steadily increase their capital?
The present market conditions could offer chances to enhance earnings quickly, yet to implement such a plan, expertise is essential.
Undeniably factual. Despite my absence of prior investing acumen, I ventured into investments pre-pandemic and managed to amass a profit of about $450k within that year. Essentially, I solely relied on professional counsel.
Lately, I've been researching advisors, but the market updates I've encountered haven't been very positive. Who's your guide?
'Laurelyn Gross Pohlmeier' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I searched for her complete name on the internet and located her page. I then sent an email and scheduled a meeting to converse with her; now, I'm awaiting her response.
the clickbait levels are getting off the charts even for you
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
I really want to get in with a financial advisor this year, especially as all markets are hitting highs. I don't want to be too optimistic and end up losing everything.
There are many independent advisors to choose from. But I work with Monica Shawn Marti and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.
Thank you so much for your helpful tip!
Bottom line, have a lot of rich, well connected friends. And of course have a vision.
+ A lot of showing up everyday!
And end up being parasites to society.
Also be extremely smart
You forgot have a top 0.1%, and be a lifetime learner
@@jayjay210197sometimes smartness cam become hindrances.
So his parents were in the top 10%. He got an education from a top 1% university. Now he's in the top 0.01% 💰 🤑 💸
rich get richer... tale as old as time...
Immigrants who moved around constantly, that’s the top 10%? Got a full scholarship to a top 1% school… I know this guy isn’t an all round great guy but it’s pure insecurity to say he had everything handed to him.
@@thomasduthie idk if you know but, if you are a chemical engineer moving around countries, i think you'd be quite a successful person
that's still a climb. not many people start in top 10% and get in the top 0.01%...
you do get how difficult the jump is... right?
He’s just like me! Well, besides the 10 billion part…
😂
😂😂
Same here minus the money, intelligence and I like chicks instead. 😂
You forgot intelligence and personality
And billions of other people in the world. nothing distinguishes him being an average IQ.
something you didnt mention is how peter had tons of private paypal stock in his ira and then rolled it into his roth. He paid pennies on the dollar for taxes for the back door roth converstion because paypal wasnt public so the value of stock was low. Now he has 5 billions in tax free money after paypal went public. This move saved him BILLIONs in taxes. Pay taxes low and avoid taxes on gains forever
What a genius play hahaha
What do you mean backdoor? Is that illegal?
@@alphamineronno that's just what it's called when you convert dollars from an IRA to a Roth IRA. It's completely legal and something many many people do, not just super rich people.
@@shawnrosspetersbut don’t you have to pay taxes for it? He probably have a few thousand dollars of PayPal stocks, but that is still taxed.
many people do this, the rules are different for the wealthy
So you also say that Warren Buffett never worked for substantial amounts of money ever?
Being an investor is real work. Nonetheless, Peter Thiel cemented himself as a legend in his field, truly a one-of-a-kind guy.
Great work, highlighting Peters legendary bets.
Investing is definitely work, and it’s a lot of responsibility and risk as well. But I guess the point is that Peter never really had any earned income as a founder or executive or any of those traditional paths :)
@@LogicallyAnswered Haven't watched the video yet and have been subscribed for a fairly long time and enjoy your videos, but given the initial comment you just replied to: Given your follower count and ability to create videos that are viewed by so many, shouldn't you have proof read the script and removed that sort of comment.
(Again, I haven't watched the video yet, I just caught this comment at a time that might get your opinion)
@@LogicallyAnsweredthe point is you’re ok with lying.
When you are surrounded by influential and wealthy people and you are smart at convincing them to part with some of their money for investments, I think there is no need to work and make money the traditional way if you know how invest them in startups. That’s what the presentation was all about.
Investing isn’t work. The whole point is for your money (and people by proxy) to work for you.
I met Peter and I could barely get a question in, because I mentioned I worked in oil drilling and he could NOT stop asking me questions. Inquisitive guy and I hear Warren Buffett is the same
and that`s all they have in common
I know folks with similar background who have nothing to show.
In his own case, Peter used it to his advantage. He is one brilliant guy.
Peter Thiel made money selling. AND YES he needed to WORK.
The difference is that he worked on selling companies, whether he took them public or sold them to another company. And he knows well that it is not necessary to be the founder of a company to sell it, it is enough to have a stake in it.
The same with purchasing shares of other companies, it is a way of selling parts of other companies without being the owner or founder of them.
buy low, sell high.
The difference is that it focused on VALUATION, not so much on the gross profit of the companies, what matters in the stock market is that the shares one owns are from a company with a good future valuation.
You will miss a lot good opportunities to become a wealthy person if you don’t have money to invest in your life.
You can start as little as you have then waiting on when you have millions.
As a new beginner you surely need a professional broker to guide you through.
Cryptocurrency is the future of tomorrow especially when you have a profitable investment platform.
I heard she works under trading live limited.
You mean Andrea Lund ?
Thank you Lord Jesus for the gift of life and blessings to me and my family $140K weekly profit Our lord Jesus have lifted up my Life!!! A. V
I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.
How
..? Am a newbie in crypto investment, please can you guide me through on how you made profit?
Thanks to Mr Lee Davis.
He's a licensed broker here in the states
YES!!! That's exactly his name (Lee Davis) so many people have recommended highly about him and am just starting with him 😊 from Brisbane Australia🇦🇺
fun fact, if bill gates never sold his stock on MSFT he would be worth north of 1.5 trillion.
True
How much did he own?
wrong because of shares being issued and stock based comp to newer employees he wouldve been diluted.
That's what happens when you follow advice from friends like Warren Buffett 😂
The click bait be real. He worked numerous jobs. And he started a venture capital company, ya know where he WORKED
The amount and level of pivots this guy made is only possible for those with mad nepotism status
It's beyond comfortable to make phone louder and listen to your content. Many thanks for your effort.
Thiel secret sauce: Money + Education + Connected Friends + Dumb Luck
Thats the formula
he went to a top school, he is very smart.
Not really. To excel at math one need really high IQ and that's mostly genetic.
its all excuse of unsuccessful people
The fact that you all think you could be him with the right amount of luck shows how sad the current landscape is. Pathetic.
In conclusion, this guy is lucky, very lucky
Hahaha
Their is no such, as luck. He has good karma from previous life...
there's no such thing as luck✡️
No he's a member of a society of secrets
No, watch his documentary and you will know. It's easy to just type a comment but I don't think you can do 10% of what he did if you were in his position
He might have worked less than others (lucky guy) but he is so smart. His book avouf startups "from zero to one" is a great reading, and the audio is available for free on RUclips.
2:52 When you mention Namibia, why do you have to show that image? You are the people that give people the wrong impression of Africa. Namibia is a beautiful well-developed country. I got my Engineering degree there......
Don't mind those westerners ignoramus... everything Africa is shit for them...
On a higher note Namibia has better infrastructure than most countries in Europe.... Very primitive people this western media
Love All ,
Trust A Few ,
Do Wrong To No One .....
Said in a different way, have a few million laying around.
It's the same argument.
If you need a few million, start with a few hundred thousand.
If you need a few hundred thousand start with a few thousand.
So basically he's a tech bull :D
Indeed
Ensuring the protection of your capital holds greater significance than solely focusing on making money. This is primarily because once your capital is lost, the process of generating profits becomes significantly more challenging. It is comparable to the notion of "missing the train" versus the irreversible consequence of "losing your money." While there are various opportunities available, once your funds are depleted, it becomes exceedingly difficult to recover.
Wall Street advocated for quality stocks that boasted high profitability and low debt, positioning them as a form of insurance against economic uncertainties. However, these quality stocks have underperformed the S&P500 index this year. As a result, my portfolio, valued at around $200k, has experienced a decline of approximately 20%. I am seeking recommendations on how to enhance my investment returns and scale up my portfolio.
The reality is that nobody possesses absolute knowledge in the world of investing. Therefore, it is crucial to develop your own process, effectively manage risk, and remain committed to your plan, regardless of the circumstances. Additionally, it is essential to continuously learn from past mistakes and strive for improvement in order to navigate the investment landscape successfully.
I agree, which is why I find it beneficial to have an investment coach guiding my day-to-day investment decisions. They possess a skillset focused on capitalizing on both long and short positions, effectively managing risk to leverage its asymmetric upside, and employing hedging strategies to mitigate the impact of market downturns. Additionally, their access to exclusive information and in-depth analysis further enhances the potential for outperforming the market. I have been utilizing the services of an investment coach for over two years, and the results have been remarkable, with net earnings exceeding 2.8 million.
Would you be willing to provide information about the advisor who aided you? As a 39-year-old, I am eager to expand my stock portfolio and devise a retirement plan.
Her name is “Amber Dawn Brummit” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Really should mention how he ended up with billions growing tax free in his Roth account.
That was a nice profile of Peter Thiel. Good insight and inspiring. Thank you
Peter Thiel is surely one of the great inverstors of modern times. Thanks Hari for the video!
No doubt!
I knew being a lawyer wasn’t a real job…Sarcasm for the click baiting title…Good video !
He's whay every middleman aspires to be
Not me, let everyone be slaves to money, I'm just going to buy my freedom from this depraved civilization.
In summary: How to get rich: be rich. Get richer. Profit.
Thanks gonna try this one
Good luck brother
I didn't understand how he was able to switch jobs so smoothly and get a new one in a completely different area... Was it because he's from Stanford?
What type of bckground music he is using ?
One takeaway from this video: If you want job, money or respect then have a rich and influential network.
Are not most billionaires people that never actually "worked"?
Very high quality content, the author definitely knows his stuff.
He is also the author of the book international bestseller “0 to 1”
This is a fabulous account and example shows that chasing Purpose, Meaning and fulfilment over just money or even a high paying job is the answer to success at insane levels.
He is a true visionary who the hell predicts crypto and cell phone computing in 1999?😂😂
Thiel's journey exemplifies the power of strategic connections and calculated risks in the entrepreneurial world. It's a testament to the importance of leveraging opportunities and forging meaningful relationships on the path to success! 🚀
I don't know if meaningful relationships is the right word, but yeah that is correct.
@@lox7182 Cheers man!
Amazing video.Keep it up.Greetings from London.
This dude became rich the same way Naruto became Hokage. Hard work and every advantage at birth possible plus high charisma and luck stats
If you’re the guy who knows all the right people and how to create successful startups then you become indispensable to companies when they are most desperate and vulnerable
_"...lack of transcendental value in the job."_
What a phrase. I wish I had the financial security to quit any job that didn't fulfill me.
😂
ikr, imagine trying that in this job market today.
Working for CIA. It's common knowledge tbh.
Palantir
I was about to say this. Palantir and Facebook have intel and defense contracts. Palantir is essentially a privatized intelligence agency. I would argue his real wealth is probably more than $10 billion ($30 billion range) lol
Thiel is very smart, endeavoring, quite lucky and rather ruthless: a winning combination to make a lot of money.
Time to watch something interesting
Peter one of the most foundational libertarian tech ghouls of Silicon Valley
No wonder he's the financial backer for some of the crappiest American politicians.
Good info Hari❤
I'm going take a job below my pay grade, writing for some important dude. Easy transition.
Great video. I'm surprised how he attracted "only" $1m in the late 1990s to start Thiel Capital Management. Of course he had little background to draw on, so investors were taking a risk, however $1m wasn't a lot and just shows how successful he was from such a modest starting point.
Please do Michael Platt - Christopher Hohn - Jim Ratcliffe - Ben Francis Gymshark.
Insane! Great video!
well done!
You mean Peter Thief😂😂😂
Wow!! He was definitely working, although his work was in thinking and envisioning the future.
Just today i was reading "Zero to one"
Lots of stupid comments in the comment section here. 1st time seeing your face brother. Awesome video again. Keep doing what you do! Big Fan!
10:41 You forgot to mention that he sheltered his Facebook in a Roth IRA....probably the most gangster Austrian economics libertarian tech bro move ever.
Did he pay you to make this video?
Nah hahaha, it would be crazy if I was actually in contact with Peter 😂
This isn't a knock on your channel, because its great.
His backstory was a bit long winded, when its more interesting the strategies he used to get rich.
Peter is good at forecasting the future , like an economic hitman
Great video, I really appreciate the dedication in each video you post. Despite the dip in crypto, I still thank you for the level headed financial advice. I started crypto investment with $4,345 and since following you for few weeks now, i've gotten $18,539 in my portfolio. Thanks so much Maria Susan.
I'm surprised that you just mentioned Maria Susan here. I met her at a conference in 2018 and we have been working together ever since.
She is my family's personal broker and also a personal broker in many families in United States, she's a licensed broker and a FINRA AGENT in United states.
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading.
Susan’s expertise in customizing investment portfollos based on changing market conditions and personal risk profiles is exceptional it's not a one size-fits-all approach, which is crucial in crypto investing.
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
lol did you just show a desert when referencing namibia.
Click-baity title aside, perseverance and a stroke of luck got him where he is. But it's work. Lots of work. Evaluating startups is no easy feat, you basically play at predicting the future of a company, and that takes a lot of research and negotiation and good mgmt
Next time, I'm going to have richer parents.
Never working? He literally worked his ass off.
MF asked his bank to calculate his dollars per hour worked and realized what happened when you divide by 0
What a clickbait of a video description.
He was born rich. That's why
Being born rich doesn’t mean you won’t go bankrupt if you aren’t very smart or you take stupid risks. Most great fortunes are gone within 3 generations. The Vanderbilt family (Anderson Cooper) was once one of the most wealthy families in America. They figure out how to piss it all away within 3 generations.
That is work and hard work to run real state business
What happened to the roth ira??
Yeah he made the biggest return on an IRA in history I believe! 💯check out his book 0-1 too it’s great.
Lemme Guess , By being smart and very lucky ??
Of course
Ok, so venture capitalists have no job 😅
Without ever working…except that he did!! Clickbait much?
I believe he worked 100X harder than what you mean tho not manual hard work. Inventing involves tremendous mental capitals and stress plus being visionary.
I still don't understand/figure out any evidence supporting "zero working theory"
Whats your definition of work...
Investing is working man ...
I thought his book was 0 to 1, not 0 to 10billion?
😂
To start , be born as a white male in a rich country.
Some so many rich white men have wasted their opportunities.
In his own case, Peter used it to his advantage.
Smart guy
How is it possible that people get Jobs Like derivates trader, when his area was law or philosophy? Or how can he study law when he studied Philosophy?
You can study anything you want before applying to law school. Most people just do business or liberal arts undergrad, so that’s kind of the norm actually. And regarding becoming a derivatives trader, I think a Stanford law degree does all the talking there. If you’re smart enough to make Stanford twice and earn a law degree, you should theoretically be smart enough to learn derivatives trading.
@@LogicallyAnswered ok thx. So You could just do an easy undergrad and law postgrad instead of a hard law undergrad and law postgrad? But peoples like him would have to learn derivates from the beginning while working Like an apprentice?
The uncomfortable truth is that getting a job like that mostly takes raw IQ and a bit of discoverability and these carry much more weight than what specific major or degree one earns. In fact, some of the most heavily recruited candidates are theoretical physics students.
He worked smart very smart
Hes definitely a genius but he also worked luckier.
By replacing one letter with another.
I just don't know how to match the content with the title🤦♂
Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
Could you kindly elaborate on the advisor's background and qualifications?
Just research the name Angela Lynn Shilling. You’d find necessary details to work with a correspondence to set up an appointment.
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
PT is SN
Doing a profile like this, one would think you'd take the time to find out how to pronounce the persons name xD
Fun fact: he funded Hulk Hogan's lawsuit against Gawker, because Gawker outed him as gay (which was legal).
Steve Jobs.
Bro.
do you have indian connection??
Basically he got lucky once and then kept on throwing stuff at the wall 🤷🏼♂️ 10 bill on paper too
His crush rejected him
1 word, 3 letters
This video is Very Inaccurate he was one of the PayPal founders and work his ass of to build the PayPal one of the first online global payment. For 5-7 years. He started investing after he sold PayPal like Sam Altman.