Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Peter Thiel
Investors and Entrepreneurs

Peter Thiel: the secret of investor and philanthropist success

09.08.2020
2 min read

Peter Thiel: from PayPal to supporting young businessmen

Peter Thiel is primarily known as the founder of PayPal, but in addition to this project, he is a co-founder of other companies and deals with venture capital investments. The businessman’s fortune is $2.5 billion and his success story is noteworthy.
Thiel started his professional activity as a trader, but after 3 years of work he came up with the idea to create software for online payments. The basis of this program was an electronic wallet, which contained the history of transactions and had a high degree of protection of media and information. After sharing the idea with Ken Howery, Elon Musk, Max Levchin and Luke Nosek, they started working on the project together. That’s how PayPal, a popular payment system, appeared, which eBay Corporation bought for $1.5 billion in 2002. Thiel received $55 million from the sale of the company.
The businessman decided to use this money for the development of startups. He invested $10 million in a macro-hedge fund Clarium Capital Management, which was engaged in managing various assets, including currencies and securities of large corporations.
In 2003, Thiele, as a fund manager, predicted the dollar weakening until 2005, the dotcom crisis and the downgrading of Walmart and General Electric. All his words come true, and the fund increases profits by 57%.
But in 2006, the businessman failed to repeat his success and suffered losses. The global crisis in 2009 reduced the fund’s income by 7.8%. Many investors took their money and the company’s capitalization decreased from $7 billion to $350 million.
In 2005, Thiel organized a venture capital firm Founders Fund, which invested in various projects, including Airbnb, SpaceX and LinkedIn. In 2017, the fund invested in cryptocurrency, earning hundreds of millions of dollars.
In addition, Thiel is investing in digital development. In 2004, he co-founded the company that created the Palantir software. The platform helps prevent financial fraud and analyzes data sets. The company collaborates with the CIA and develops software that identifies potential terrorists.

Peter Thiel

Peter Thiel was one of the first to believe in the potential of Facebook. He invested 500 thousand dollars, becoming the owner of 10% of the company.
The businessman actively finances research projects in medicine, digital technologies. He invests in the study of artificial intelligence, donates money to fight ageing and various diseases.
Thiel also supports young entrepreneurs. He has established grants for schoolchildren who do not want to spend several years of their lives in college, but are ready to start implementing their ideas immediately.

Tags: Investors and Entrepreneurs
0
Previous Post Wells Fargo: from the postal company to the banking giant Next Post Why the pound has fallen in the UK: the consequences of the Brexit procedure

You Might Also Like

John Templeton
Investors and Entrepreneurs
John Templeton: renowned investor and respected philanthropist
27.08.2024
Michael Steinhardt
Investors and Entrepreneurs
Michael Steinhardt: the story of a prominent American investor
25.01.2023
Evan Spiegel
Investors and Entrepreneurs
Evan Spiegel: Snapchat co-founder biography
26.09.2022
Christopher Gardner
Investors and Entrepreneurs
Christopher Gardner is the man who has proven impossible
27.11.2020
Michael Bloomberg businessman
Investors and Entrepreneurs
Michael Bloomberg: businessman, politician, philanthropist
20.10.2022
Erik Penser
Investors and Entrepreneurs
Erik Penser: the ups and downs of the Swedish businessman
30.03.2023

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Spain’s economy performs best in the EU
  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Analysts: Egypt’s economy to continue falling in 2023
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics