Peter Thiel is a German-American technology entrepreneur, philanthropist, venture capitalist, author, and political activist. He was the founder of Paypal which is an e-commerce company and Palantir Technologies which is a software firm involved in data analysis. To know more about the net worth of Peter Thiel in 2020, keep reading the following article.
Early Life & Biography:
Peter Andreas Thiel was born on October 11, 1967, in Frankfurt am Main, West Germany, to his parents Klaus Friedrich Thiel and Susanne. He and his family shifted to the United States when he was one. He changed his elementary schools seven times as Thiel’s migrated to different places including South West Africa and South Africa.
In 1977, Thiel’s settled in Foster City, California. Since childhood, Peter was excellent in mathematics. While attending his middle school, he scored first in a California-wide mathematics competition. He attended the San Mateo High School where he read about Ayn Rand and admired the anti-communism and optimism.
He went on to study philosophy at Stanford University after the completion of graduation from San Mateo High School.
Thiel’s personal life was attracted by many people when Gawker’s tech blog featured an article that stated he was homosexual in 2007. Thiel subsequently announced that he was a gay and condemned the online media company for publishing that he was homosexual.
Career, Awards & Nominations:
Thiel started his career as a clerk under an appeals judge and also did various jobs which are related to law. In 1998, he co-founded the company Confinity with several others, designed to handle payments between Palm Pilots. A year later it got combined with Elon Musk’s X.com, which ultimately aid in creating PayPal. Thiel became the Chairman and CEO of Paypal.
The e-commerce company is specialized in Internet money transfers, designed to create a new world currency. PayPal proved hugely successful, aided by its use on the online marketplace eBay. In 2002, Paypal was acquired by for a net worth of $1.5 billion.
In 2004, Thiel invested in Facebook, who became the first ever outside investor of Facebook. He also founded the hedge fund Clarium Capital Management. In the same year, he co-founded Palantir Technologies which is a data analytics firm.
The company was also used by banks to detect fraud and handle other cybersecurity efforts. Thiel was also an early investor in Xero which is a software firm headquartered in New Zealand. In June 2012, he launched Mithril Capital Management, that is named after the fictitious metal in The Lord of the Rings, along with Ajay Royan and Jim O’Neill.
During the 2016 GOP, he initially supported Carly Fiorina campaign presidential primary elections. But when Fiorina dropped out, he supported Donald Trump. He donated money and spoken at the party’s convention and became a vocal supporter of Republican presidential nominee and final winner of the election Donald Trump.
Net Worth & Earnings:
The estimated net worth of Peter is more than $3 billion. He made all this fortune by becoming the founder of the Paypal and Palantir Technologies. When Paypal was acquired by the eBay Thiel earned the stake which worth $60 million.
He published a book named The Diversity Myth which is about alleged political intolerance while he was studying in the university. He also does philanthropic works which include the Thiel Foundation that gives money to teenagers to start a business rather than attend college. He has supported gay rights causes such as the GOProud and American Foundation for Equal Rights.