Peter Andreas Thiel, the venture capitalist, is currently facing criticism as it was disclosed that he has sold crypto investments worth of more than 1 billion US dollars just before the market faced a drastic fall, while he has been one of the ardent advocates of crypto.
Peter Thiel in the April of 2022, at the Bitcoin conference in Miami, said that Bitcoin has every potential to replace gold even though it is undervalued.
He is a billionaire entrepreneur and political activist. Peter Thiel is one of the founders of PayPal, an American online money transfer platform. Peter Andreas Thiel is openly gay and has a gay partner.
Peter Andreas Thiel: Age And Early Life
Peter Andreas Thiel was born in Frankfurt am Main, West Germany as the son of Klaus Friedrich Thiel and Susanne Thiel. His father was a chemical engineer.
He was raised in Cleveland, Ohio as his family migrated to the United States when he was one year old. He has a younger brother by the name of Patrick Michael Thiel. He is 55 years old.
Peter Andreas Thiel: Education
Thiel has attended seven different elementary schools due to his family’s relocating. He has a Bachelor of Arts degree in Philosophy from Stanford University. He also has a Juris Doctor degree from Stanford Law School.
Peter Andreas Thiel: Career
After graduating from Stanford Law School Thiel worked as a clerk in the United States Court of Appeals for the 11th Circuit under Judge James Larry Edmondson.
He has served as a securities lawyer for Sullivan & Cromwell in New York, a derivatives trader in currency options at Credit Suisse, and as a speechwriter for William Bennett, the former United States Secretary of Education.
Thiel’s first-ever cryptocurrency venture was in 1998 known as Confinity, which is an American software company based in Silicon Valley. It is known as the founder of PayPal. PayPal was launched in 1999 under Confinity.
Thiel is the one behind the Clarium Capital Management that he funded using 10 million US Dollars. He is the founder and chairman of Palantir technologies.
The San Francisco-based venture capital fund, Founders Fund, was launched by him along with Ken Howrey, Sean Parker, and Luke Nosek in 2005. Thiel is an angel investor in Facebook with a 500,000 US Dollars for a 10.2 percent stake in the company and is a member of the board of Facebook.
Peter Andreas Thiel As A Politician
Thiel’s political interests are invested in the Republican party. He views himself as a libertarian conservative.
He had endorsed Ron Paul for the position of President in 2007. He had contributed to the campaign of John McCain.
Thiel was a supporter of the bid by Meg Whitman in 2010 for the governorship of California. He had contributed 25,900 US Dollars the maximum allowable amount in a campaign.
Thiel has a political action committee, Free Forever, that offers support to political candidates those who support restrictive immigration policies, anti-interventionist foreign policy, funds for veterans, and stringent border control.
Peter Andreas Thiel’s Net Worth
As of the latest reports of 2023, Peter Thiel has a net worth that is estimated at above 7.83 billion US Dollars. The relative value of this is calculated by estimating that his net worth can buy 4.10 M troy ounces of gold, and 92.9 M barrels of crude oil.
His net worth od equivalent to 0.0336 percent of the GDP of the United States of America, 0.106 percent of the total wealth of the 500 richest people in the world, 1.98 percent of the top 100 U.S. college endowments, 124 percent of the top 200 U.S. executives’ total awarded compensation, 0.481 percent of U.S. existing home sales, and 110,559 times the median U.S. household income.
Peter Andreas Thiel As A Philanthropist
Thiel has founded a private foundation Thiel Foundation. His philanthropic activities are carried out under this foundation. He carries out three main internal projects through the foundation such as Thiel Fellowship, Imitatio, and Breakout Labs.
The foundation also offers support to groups focusing on science, technology, freedom, and anti-violence. Thiel Foundation provides grants to major organizations.
A few among these organizations are the Seasteading Institute, which functions with an aim to establish permanent, autonomous ocean communities to enable experimentation and innovation with diverse social, political, and legal systems; Machine Intelligence Research Institute (MIRI), a non-profit research institute in the domain of identifying and managing likely existential risks that can be caused by artificial general intelligence; and Methuselah Mouse Prize foundation, a non-profit organization fostering anti-aging research.
Peter Andreas Thiel As An Author
Peter Andreas Thiel is an established author. He is the co-author of the controversial book The Diversity Myth: Multiculturalism and the Politics of Intolerance.
He wrote the book along with David O. Sacks, a south African American entrepreneur and investor. Formerly he was the founding Chief Operations Officer and product leader of PayPal.
Peter Andreas Thiel Now
He has been married to Matt Danzeisen since 2017. Danzeisen works at Thiel Capital as a portfolio manager.
Thiel holds three citizenships including that of the nations Germany, the United States, and New Zealand. He holds the professional career titles of the President of Clarium Capital, the Chairman of Palantir, the Chairman of Valar Ventures, the Chair of Mithril Capital, and a partner of Founders Fund.
He is a believer, following Christianity and promoting René Girard’s Christian anthropology. Thiel has had a history of being an enthusiastic chess player and is honored with the Chess title of Life Master.