Peter Andreas is an American entrepreneur, philanthropist, author and venture capitalist. Andreas got the fourth rank on the list of Forbes Midas on 2014 showing the net worth of $2.2 billion and recently ranked at #315 on the Forbes 400 list in 2017. Keep reading to know more about Peter Thiel’s net worth in 2018.
Peter Thiel Early Life
Peter Andreas Thiel was on October 11, 1967, in Frankfurt and after some years got the citizenship of German. His most of the time was spend in the United States and also spend some time in Africa before shifting to the United States. He has completed his graduation from Stanford University where he studied philosophy.
After graduation, Peter went to the Stanford Law College and got his J.D. in 1992. When he completed his graduation, Peter has worked as a judicial clerk for James Larry who was Judge. He also knows for the Co-founder of PayPal in 1999 and also worked as CEO of sales company eBay in 2002.
Peter Thiel Career, Awards & Achievement
Peter started his career after the graduation as a clerk of the U.S. court. He also applied for the Supreme Court as a clerk but didn’t have the chance. After a few years, he left the work and move towards the security lawyer in New York and within seven months he left the work. He started the job as a derivatives trader at Credit Suisse for the currency options. In 1993, he also started another work as a speechwriter for the U.S. Secretary of Education.
When Peter was returned from the Bay Area, he thought to move into making Capital Management and started his capital career with the help of friends and family and borrows $1 million to invest. After investing, he became unsuccessful in this field and further his friend gives him an idea of forming a new company related to cryptography and later, becomes the first company in 1998.
After investing a huge amount, Thiel realizes and thought about software developer to work as a mediator in the online payments marketing. The main motive of Peter was to provide the wallet to the people to spend the required amount, the security provided by encrypting data services. With the great idea, he launched PayPal in the year 1999 and provides the great wallet to the people all around.
Thiel also invested in Facebook with an amount of $500,000 and join the boards of the company with the 10.2% stake. In 2004, the Facebook was formed and was his first investment outside the career. Further, he didn’t help time to time and the CEO of Facebook Zuckerberg has credited Peter for helping and finally closed the financial crises of 2008.
Awards & Achievements
Thiel has got his first achievements as the Co-producer of Thank You for Smoking which was a feature film related to the Christopher Buckley’s and also has the novel of the same title. He also got the Herman Lay Award for the Entrepreneurship in 2006 and in the next year, he was honored for the Global Leader by World Economic Forum as one of the best leaders under the age 40. In 2013, he received TechCrunch Award for a capitalist venture of the year.
Net Worth of Peter Thiel
Peter Thiel is a German Born entrepreneur who has a net worth of around $2.2 billion. He has earned a huge amount when he was a success in his project of PayPal and becomes the chairman of the company. After, he also sold some portion of his business to the eBay in 2002 and earned more than $60 million in his next deal.
Thiel has achieved a great platform after his first success in the project. He never lose his hope and always thinks of the innovative ideas for the business. When he left his first job, he hasn’t any surety to success in this project and after losing a great million investment. He built a great platform to earn billions from his career.