Billionaire PayPal Founder: Unheard Secrets of Peter Thiel's Success

Peter Thiel is a German-American billionaire entrepreneur, venture capitalist, and political activist.A co-founder of PayPal, Palantir Technologies, and Founders Fund, he was the first outside investor in Facebook. As of May 2022, Thiel had an estimated net worth of $7.19 billion and was ranked 297th on the Bloomberg Billionaires Index.
Thiel co-founded PayPal with Max Levchin and Luke Nosek in 1998, serving as chief executive officer until its sale to eBay in 2002 for $1.5 billion.
After PayPal, he founded Clarium Capital, a global macro hedge fund based in San Francisco. In 2003, he launched Palantir Technologies, a big data analysis company, serving as its chairman since its inception. In 2005, he launched Founders Fund with PayPal partners Ken Howery and Luke Nosek.
Thiel became Facebook's first outside investor when he acquired a 10.2% stake for $500,000 in August 2004. He sold the majority of his shares in Facebook for over $1 billion in 2012, but remains on the board of directors.
Through the Thiel Foundation, Thiel governs the grant-making bodies Breakout Labs and Thiel Fellowship, and funds non-profit research into artificial intelligence, life extension, and seasteading. Thiel is a conservative libertarian who has made substantial donations to American right-wing figures and causes.
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