Peter Thiel – Billionaire Tycoon

Who is Peter Thiel?

We all want to make an impact on the world in which we live, and we all find different ways to do it. Some of us are teachers and lawyers, some are film stars and retail clerks and some are venture capitalists. Peter Thiel is one of those people. He knows that he has a path in life, and his job is to charge down that path, two feet at a time. Thiel was born in Germany. His family moved to the United States when he was very small and was raised in Foster City, California. He attended Stanford University for both under and post-graduate studies. He became a lawyer and went out into the world.

In 1997, Thiel, with a number of other entrepreneurs, founded PayPal. Their aim was to make money easier to transmit from place to place and person to person. Thiel felt that our current system of paper currency was outdated and not very convenient to use in all situations. He knew that, with this launch, he was changing the face of the current global economy for the better. In a time of online commerce and trade, Thiel’s notion was absolutely correct. Paypal has since become one of the world’s premier methods of transferring and delivering the money. After selling Paypal for a substantial profit, Thiel founded a global hedge fund known as Clarium Capital. The company was founded in 2002 in San Francisco and, within a few year’s time, was seeing an accumulation of over eight billion dollars in assets. Although recession caused Clarium to close its doors after a number of years, Thiel saw his company have many successes and he himself had an overall profitable experience.

In 2004, while running Clarium, helping to launch various other companies such as Palantir Technologies, an analytical software firm, Thiel did something else that would prove to have world-wide implications. He invested $500,000 in a young Mark Zuckerberg, who had plans of creating an entity called “Facebook”. By the time the company went public, that $500,000 investment turned into over forty-four million shares of Facebook stock. Yet again, in a few short years, Peter Thiel turned an incredible profit, selling off 18.8 million shares and netting upwards of six hundred forty million dollars. Over the next few years and even now, Thiel continued to be a shareholder and take advantage of dividends and stock sales. Just recently, he sold off the rest of his Facebook shares, making his total payout a little more than one billion dollars. In addition to all of this, Peter keeps busy with his various philanthropic and cultural pastimes. Accurately described, Thiel is the ultimate definition of true success.

Written By: Brown00

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