This experience instilled a distaste for uniformity and regimentation later reflected in his support for individualism and libertarianism. The app's co-founders include former Trump. Klaus then worked for various mining companies, creating an itinerant upbringing for Thiel and his younger brother, Patrick Michael Thiel. 4203 words. [60] In 2016, he sold a little under 1 million of his shares for around $100 million. In the future, when we make our service available outside the U.S. and as Internet penetration continues to expand to all economic tiers of people, PayPal will give citizens worldwide more direct control over their currencies than they ever had before. Congratulations to fellow GOPer @peterthiel & Matt Danzeisen on your marriage ?? In spite of Danzeisen's secrecy, his fame has been rising recently. [145][146] In 2011 he was a featured speaker at the Oslo Freedom Forum, and the Thiel Foundation was one of the event's main sponsors. ? pic.twitter.com/FVKTqk3Ax0, Fred Karger (@fredkarger) October 18, 2017. Eventually PayPal will be able to change this. (adsbygoogle=window.adsbygoogle||[]).push({}); He has also worked in the position of an investment banker for Bank of America Securities. He focuses on his faith and not Christianity in fundamentalist terms. [176], Thiel's application cited his contribution to the economyhe had founded a venture capital fund in Auckland before applying, and invested $7 million in two local companiesas well as a $1 million donation to the 2011 Christchurch earthquake appeal fund. He is also an investor, creditor and board member at the Fin Tech. ", "The Money Trail Conservative Facebook Investor Funded Anti-ACORN Videographer", "Thiel's $1 Million Tops Donors to Club for Growth Super-PAC", "Endorsements Blog Archive Peter Thiel", "Peter Thiel Political Campaign Contributions 2000 Election Cycle", "Peter Thiel Political Campaign Contributions 2002 Election Cycle", "Peter Thiel Political Campaign Contributions 2004 Election Cycle", "Peter Thiel Political Campaign Contributions 2006 Election Cycle", "Peter Thiel Political Campaign Contributions 2008 Election Cycle", "Peter Thiel Political Campaign Contributions 2010 Election Cycle", "Peter Thiel Political Campaign Contributions 2012 Election Cycle", "Peter Thiel Political Campaign Contributions 2014 Election Cycle", "Old (Pay)Pals: Peter Thiel backs Meg Whitman", "PayPal co-founders fund pro-Paul Super PAC", "Billionaire Paypal Co-Founder Peter Thiel on List of Trump Backers", "Peter Thiel Makes History at RNC: 'I'm Proud to be Gay', "Peter Thiel to Donate $1.25 Million in Support of Donald Trump", "Peter Thiel, Trump's Tech Pal, Explains Himself", "Silicon Valley Investor Peter Thiel Will Join Trump's Transition Team", "Tech Tycoon Peter Thiel Shies From Trump Re-Election Campaign", Peter Thiel Explains How to Invest in the Singularity, Singularity Summit Peter Thiel On His Single Greatest Fear, "Back to the Future: Peter Thiel on Technology and Investment Strategy at the NYC Singularity Summit", "Elon Musk And Peter Thiel Launch OpenAI, A Non-Profit Artificial Intelligence Research Company", "How DeepMind convinced billionaire Peter Thiel to invest without moving the company to Silicon Valley", "The Mprize-PayPal Founder pledges $3.5 Million to antiaging research", "Entrepreneur backs research on anti-aging", How Silicon Valley Is Trying to Hack Its Way Into a Longer Life, "Billionaire Peter Thiel embarks on anti-aging crusade", Floating Cities, No Longer Science Fiction, Begin to Take Shape, Floating Island Project Pushes On, Without Peter Thiel's Support, Milton Friedman's Grandson to Build Floating Libertarian Nation, A Silicon Valley billionaire's dream of a floating libertarian utopia may have finally been killed, Peter Thiel, Trump's Tech Pal, Explains Himself, Tech billionaire Peter Thiel no longer thinks his dream of a floating libertarian utopia is realistic, "Peter Thiel Launches Fellowship Program", "Why a Nonprofit Backs Dropping Out of School", PayPal co-founder's Breakout Labs issues first grants, Peter Thiel's Breakout Labs Turns More Science Projects Into Businesses, Breakout Ventures, spun out of Peter Thiel's Breakout Labs, has closed its debut fund with $60M, "Breakout Labs press release on first batch of grantees", "Supporters of Press Freedom About CPJ Committee to Protect Journalists", "Freedom Project page on Thiel Foundation website", Peter Thiel Urges Investing in Human Rights, "Billionaire Donald Trump supporter Peter Thiel sending more of his mates our way", "Peter Thiel got married over the weekend", "Billionaire Peter Thiel gets married to Matt Danzeisen", "Faith & Technology: Q&A with Peter Thiel", "Magnus Carlsen Overwhelms Challenger in Tiebreakers to Win World Chess Championship", "24 executives who are exceptional at chess", "USCF Ratings History Graph for 12056150: Peter Thiel", "Entrepreneur Challenges Peter Thiel To Million Dollar Chess Game", "Peter Thiel made a rare public appearance at a chess tournament", "Peter Thiel: Facebook Co-Founder Eduardo Saverin Did A Poor Job, Got Rich Anyway", "A Guide To The Best Inside Jokes On HBO's Hit Comedy 'Silicon Valley', "Trend-Autor Jonas Lscher: 'Die Reichen werden unsterblich und der grosse Rest berflssig', Peter Thiel Obtained New Zealand Citizenship Possibly Because Of 'Exceptional Circumstances', Peter Thiel got New Zealand citizenship after spending 12 days there in five years, "New Zealand Is 'the Future,' Peter Thiel Said in His Push for Citizenship", "Controversial billionaire Peter Thiel made a Kiwi after two-week holiday", "Billionaire Trump Adviser Peter Thiel Bought His New Zealand Citizenship, Documents Show", "Revealed: How Peter Thiel got New Zealand citizenship", "Facebook billionaire Peter Thiel a Kiwi citizen, owns Wanaka estate", The Many Contradictions Of Peter Thiel's New Zealand Citizenship, "Lord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank", "The Association of Private Enterprise Education", "Honorary Doctoral Degrees at Universidad Francisco Marroqun", "Peter Thiel at #ISFLC12: 'You are the Entrepreneur of Your Life', Congratulations Crunchies Winners! Thiel and Zuckerberg got along well and Thiel agreed to lead Facebook's seed round with $500,000 for 10.2% of the company. As a cause for the discrepancy he says: "I would say that we lived in a world in which bits were unregulated and atoms were regulated. Matt Danzeisen is the partner of famous American entrepreneur, venture capitalist and author Peter Andreas Thiel. Similarly, their wedding was taken place in Vienna, Austria. [170][171] He had visited the country on four occasions prior to his application for citizenship,[172] and had spent 12 days in New Zealand, fewer than the typical residency requirement of 1350 days. [84], Thiel is a self-described conservative libertarian,[85] though more recently he has espoused support for national conservatism,[86] and criticized economically liberal attitudes towards free trade[87] and big tech. [179], The Straussian Moment, an essay written by Thiel in 2004, is sometimes considered to be a fundamental text in his political thinking, and was the subject of a 2019 interview at the Hoover Institution. [100] On 30 November 2016, Thiel made the ceremonial first move in the first tiebreak game of the World Chess Championship 2016 between Sergey Karjakin and Magnus Carlsen.[155][159][160]. PayPal went public on 15 February 2002 and was bought by eBay for $1.5 billion in October of that year. [27], Thiel enrolled in Stanford Law School and earned his Juris Doctor degree in 1992. Thiel is a supporter of the Republican Party; he donated . "[190], In 2016, Thiel apologized for two statements he made in the book: 1) "The purpose of the rape crisis movement seems as much about vilifying men as about raising 'awareness'" and 2) "But since a multicultural rape charge may indicate nothing more than belated regret, a woman might 'realize' that she had been 'raped' the next day or even many days later." An attack ad playing his anti-Trump sound bites ends with a woman saying, "That's the real J.D. [citation needed] Clarium's assets under management grew after achieving a 40.3% return in 2007 to more than $7 billion by 2008, but fell as financial markets collapsed near the start of 2009. Check your inbox to be the first to know the hottest news. However, he has been married to his husband Matt Danzeisen since 2017. Kenyans Share Hilarious Memes, Frustrations as KPLC Announces Nationwide Power B Rachel Ruto Appeals to Kenyans to Be Patient with Husband William: "Serikali ni Mzuri", Linet Toto's Dowry: 7 Delectable Photos from MP's Negotiation Ceremony, Kenyans Share Hilarious Memes, Frustrations as KPLC Announces Nationwide Power Blackout, UN development chief sounds alarm over debt distress, Who is Alexis Roderick? In 2005, he launched Founders Fund with PayPal partners Ken Howery and Luke Nosek. On the other hand, his husband, Peter Thiel, amassed a whopping net worth of $2.3 billion. Their wedding took place in Vienna, Austria where there were presences of their close ones. ", "Tech elite discovers it may need Peter Thiel", "Peter Thiel's War On Gawker: A Timeline", "Gawker founder Nick Denton files for bankruptcy", "Peter Thiel's application for New Zealand citizenship", "Peter Thiel, technology entrepreneur and investor. Article continues below advertisement The distinction between a homosexual business icon and an industry that has often been. Surprisingly, Peter was the first Facebook outside investor. His family relocated to America when he was a young boy. Before fame, Matt worked as a portfolio manager at BlackRock and Bank of America Securities. He founded Thiel Capital Management in 1996. [104] After Paul again failed to secure the nomination, Thiel contributed to the Mitt Romney/Paul Ryan presidential ticket of 2012. Thus, the massive wealth of Peter definitely raises the value of Matt's balance sheet as well. Thiel's strong Christian faith defines him and may define the new GOP ideology Love him or loath him, Peter Thiel is one of the most prominent and influential voices in technology and politics right now. Peter Thiel (pronounced "teel") is an eccentric character in Silicon Valley: a legendary financier and co-founder of PayPal; an early investor and current board member of Facebook; a. However, Danzeisen had likely been Peter Thiel's boyfriend for a long time. [33] Thiel then worked as a securities lawyer for Sullivan & Cromwell in New York. Kindle Edition. Peter Thiel's Girardian moment came on 21st July 2016, the year after Girard died. The 2nd takeaway was a real revelation for me. [146], In 2011, Thiel made a NZ$1 million donation to an appeal fund for the casualties of the Christchurch earthquake. Unfortunately, the couple has not disclosed how they met or how long they dated. About six weeks prior to his meeting with Thiel, DeAnna discussed recruiting for a white nationalist group with State Department official Matthew Q. Gebert.Gebert, who used the pseudonym "Coach Finstock" online, recruited members for "D.C. Matt Danzeisen's wedding was held in Vienna, Austria. [116] Additionally, he has spoken at multiple Singularity Summits. Little is known regarding Matt Danzeisens life before he came into the spotlight due to his sexuality, and marriage to a famous billionaire. Check out the article for more details on the singer's exciting story. Thiel has cut a check of just over $10 million to an outside group backing J.D. [64] Other partners in the fund include Sean Parker, Ken Howery, and Luke Nosek. Parker approached Reid Hoffman, the CEO of work-based social network LinkedIn. The event was supposed to celebrate Peters 50th birthday. Over the past decade, Mark Zuckerberg, Jeff Bezos and Peter Thiel have all poured money into life-prolonging and anti-aging research. The family moved to Cleveland, Ohio when Peter was an infant, and there his father worked as a chemical engineer. They eventually tied the knot in a private ceremony held in October 2017 in Vienna, Austria, actually on Peters 50th birthday, at which the guests were surprised when the couple revealed that they were going to exchange their wedding vows. Vance's friends split the difference: They say he's the same guy but he's been . "[83], Thiel said he was motivated to sue Gawker after they published a 2007 article publicly outing him, headlined "Peter Thiel is totally gay, people." [26] Over the years, Thiel has continued that relationship, consulting with the top editorial staff several times a year, hosting events at his house, donating to the newspaper and placing graduating students in internships or jobs within his network. [163] He described the film as "wrong on many levels". In 2007, he was honored as a Young Global leader by the, On 7 November 2009, Thiel was awarded an honorary degree from, This page was last edited on 30 January 2023, at 23:00. [175] In 2015, he purchased a 193-hectare estate near Wnaka, which fitted the classification of "sensitive land" and required foreign buyers to obtain permission from New Zealand's Overseas Investment Office. Matt Danzeisen is the husband of Peter Thiel, American entrepreneur and billionaire co-founder of PayPal. Thiel is a member of the Republican Party. People may receive compensation for some links to products and services on this website. [25] Thiel served as The Stanford Review's first editor-in-chief and remained in that post until completing his Bachelor of Arts in 1989. Thiel's most convincing justification for supporting Trump is that 40 or 50 . Copyright 2023 Market Realist. PRESCOTT, Arizona Billionaire tech CEO Peter Thiel may be more responsible than anyone else for Blake Masters' ascent in the Arizona Republican Senate primary. Since 2017, he has been married to the same woman. As I've said before, I wish I'd never written those things. [185] Said essay has been referenced by Curtis Yarvin and Nick Land, the main theorists of the neo-reactionary movement, in their writings. Husband: Peter Andreas Thiel Daughter: Elanor Kristina Height: 5 feet, 9 inches Weight: 70kgs Hair: Dark brown Eyes: Dark brown Profession: Financial expert, portfolio manager Instagram: C. Matt Danzeisen Facebook: Matt Danzeisen Recommended for you House of Chaos: 3 Azimio Senators Kicked Out of Senate as Emotions Flare up "Bitcoin rises after report says early Facebook investor Peter Thiel is buying massive amounts", "The Secretive Company That Might End Privacy as We Know It", "Billionaire Facebook Investor Peter Thiel Pours Money Into His "Utopia," New Zealand", Booktrack Raises $2 Million From Peter Thiel, Park Road, And Others To Add Soundtracks To E-books, "Facebook investor Peter Thiel opens Mithril venture capital fund", "Peter Thiel Launches Mithril: A New $402 Million Late-Stage Fund", "Peter Thiel is no longer affiliated with star accelerator Y Combinator", "Tech billionaire Thiel helps Hulk Hogan", "Peter Thiel Just Got His Wish: Gawker Is Shutting Down", Peter Thiel, Tech Billionaire, Reveals Secret War With Gawker, "Peter Thiel: The Online Privacy Debate Won't End With Gawker", "Peter Thiel on the Role of Technology and Globalization in Our Economy", "Peter Thiel Explains the New 'National Conservatism', "Peter Thiel's Oddly Conventional Defense of Trump", "Peter Thiel Urges U.S. Probe of Google's 'Seemingly Treasonous' Acts", "Peter Thiel: 'We attribute too much to luck. Peter is also the founder of the Thiel Foundation, which includes three main projects Breakout Labs, Imitation, and the Theil Fellowship. Since that was not possible, he had opted not to have children. [102], In 2010, Thiel supported Meg Whitman in her unsuccessful bid for the governorship of California. The couple married at a private ceremony held on October 11, 2017. Who Is Peter Thiel's Husband? The couple hasn't revealed the full details of their relationship or how long they have been together, but Peter Thiel and Matt Danzeisen were married in a private ceremony in October 2017 in Vienna, Austria. [108] Thiel stated to The New York Times: "I didn't give him any money for a long time because I didn't think it mattered, and then the campaign asked me to. [150] He grew up in an evangelical household but, as of 2011, describes his religious beliefs as "somewhat heterodox", and stated: "I believe Christianity is true but I don't sort of feel a compelling need to convince other people of that. Peter Thiel, the German-American entrepreneur who is one of the most successful investors in the United States with a net worth of over $5 billion, recently joined a new $100 million fund setup. The event took many of the attendees by surprise. Give this article. [154][155][156] He holds the title of Life Master,[157][158] but has not competed since 2003. [21], On 15 April 2008, Thiel pledged $500,000 to the newly created non-profit Seasteading Institute,[126] directed by Patri Friedman, whose mission is "to establish permanent, autonomous ocean communities to enable experimentation and innovation with diverse social, political, and legal systems. "[31][32], After graduating from Stanford Law School, Thiel clerked for Judge James Larry Edmondson of the United States Court of Appeals for the 11th Circuit. [151][152], During his time at Stanford University, Thiel attended a lecture given by Ren Girard. [110], Thiel also has his own political-action committee, Free Forever, which is committed to supporting political candidates who support stricter border control, restrictive immigration policy, funds for veterans, and anti-interventionist foreign policy, among other things. In The Social Network, Thiel was portrayed by Wallace Langham. PayPal co-founder Peter Thiel was revealed as the buyer of two waterfront adjacent Miami Beach mansions that sold in September for $18 million. In September 2004, he published his first business book, entitled Zero To One: Notes On Startups, Or How To Build The Future, which topped The New York Times bestseller list. Before their union, the lovebirds kept their relationship under wraps. While he may not be equal to his fellow venture capitalists in eccentricity, details about his private life would certainly raise a few eyebrows in less progressive circles. With financial support from friends and family, he raised $1 million toward the establishment of Thiel Capital Management and embarked on his venture capital career. P aypal cofounder Peter Thiel is famous for destroying media outlets, not paying taxes, and being a conservative tech billionaire. His bid was financially supported by Peter Thiel . So, Is Peter Thiel a wife? On this Wikipedia the language links are at the top of the page across from the article title. Successful Married Life Matt Danzeisen and Peter Thiel are examples of successful gay couples in the world. Matt is currently working as a portfolio manager at his husbands company, Thiel Capital Management, headquartered in San Francisco, California, in charge of the companys private investments and financial services. Previously, he worked at BlackRock as a portfolio manager and at the Bank of American Securities as an Investment Banker. Thiel, who is gay,[91][92] has supported mostly conservative gay rights causes such as the American Foundation for Equal Rights and GOProud. A "Western Culture" program, which was criticized by The Rainbow Agenda because of a perceived over-representation of the achievements of European men, was replaced with a "Culture, Ideas and Values" course, which instead pushed diversity and multiculturalism. Matt and Peter Thiel's wedding took place in Vienna, Austria. Matt is an American national whose birth details are a mystery. When he talks, people listen. "[138][139] It offers grants of up to $350,000 to science-focused start-ups, "with no strings attached". Peter Thiel, the PayPal founder and former CEO referred to as the "don" of the original PayPal Mafia, a group that included Elon Musk, is establishing himself as a serious power player in. [169] He had received permanent residency in New Zealand in 2007. [77][78], In March 2015, Thiel joined Y Combinator as one of 10 part-time partners. As of February 2017, he had donated over $7 million to the foundation. Peter Thiel and his husband Matt Danzeisen have colossal net worth differences. 5 min read B illionaire investor Peter Thiel managed to grow less. Thiel has been very open about his faith, especially after his marriage. What Is Peter Thiel's Net Worth? He was a headline speaker during the convention, during which he announced that he was "proud to be gay," for which the assembled Republicans cheered. [58] In August 2012, immediately upon the conclusion of the early investor lock-up period, Thiel sold almost all of his remaining stake for between $19.27 and $20.69 per share, or $395.8 million, for a total of more than $1 billion. For a long time, Thiel believed that gay couples should have children. [23][24], He studied philosophy at Stanford University. They announced the news at Peter's 50th birthday party, shocking several netizens. [49][50], Palantir's first backer was the Central Intelligence Agency's venture capital arm In-Q-Tel. [47][48] Thiel stated that the idea for the company was based on the realization that "the approaches that PayPal had used to fight fraud could be extended into other contexts, like fighting terrorism". The Alarming Rise of Peter Thiel, Tech Mogul and Political Provocateur. Peter changed elementary schools seven times. by Max Chafkin. PAY ATTENTION: Help us change more lives, join TUKO.co.kes Patreon programme. He is also involved in philanthropic work helping young people set up businesses. So, what is Andy's story? In 2003, he launched Palantir Technologies, a big data analysis company, serving as its chairman since its inception. [28], While at Stanford, Thiel met Ren Girard, whose mimetic theory influenced him. You are already subscribed to our newsletter! [144] He is also a supporter of the Human Rights Foundation, which organizes the Oslo Freedom Forum. Simon & Schuster. Peter made the list of Forbes Fidas list in 2014, and Forbes 400 in 2015. Yes, various sources have referred to the PayPal co-founder as Matt's wife. [175][172][174], He became a New Zealand citizen in 2011, which became public in 2017. As previously mentioned, Matt is married to Peter Thiel, the co-founder of Paypal. [102], Thiel initially supported Carly Fiorina's campaign during the 2016 GOP presidential primary elections. After spending seven months there, Peter was hired as a derivatives trader at Credit Suisse, before working as a speechwriter for William Bennett, a former US Secretary of Education. Get the news that matters from one of the leading news sites in Kenya. ", PayPal Reunion: Dave McClure Joins Founders Fund, "Peter Thiel-Backed Crypto Startup Pays Out 6,567% Return". PayPal cofounder Peter Thiel remains a general partner of venture capital firm Founders Fund, where he is involved in firm strategy and weighs in on its large investments. [125] Thiel also said that he is registered to be cryonically preserved, meaning that he would be subject to low-temperature preservation in case of his legal death in hopes that he might be successfully revived by future medical technology, and is signed up with the Alcor Life Extension Foundation. [43] In 2004, Thiel spoke of the dot-com bubble having migrated, in effect, into a growing bubble in the financial sector, and specified General Electric and Walmart as vulnerable. Thanks to his accomplishments, Peter has been honored with various awards, including the 2006 Herman Lay Award for Entrepreneurship, the 2013 TechCrunch Crunchie Award for Venture Capitalist of the Year, and named the 2007 Young Global Leader by World Economic Forum. Thiel took the stage at the Republican national convention in support of Donald Trump. According to Forbes, Peter Thiel has a net worth of $5.1 billion. Peter's worth is 2.6 Billion whereas, Matt's worth is 6-8 million as of 2022. He is the elder brother of Patrick Michael Thiel. [70], Also in 2017, Thiel was one of the first outside investors in Clearview AI, a facial recognition technology startup that has raised concerns in the tech world and media for its risks of weaponization. I thought it was going to be a pretty safe investment. He also became a board member at Facebook. PayPal then continued to grow through mergers in 2000 with Elon Musk's online financial services company X.com, and with Pixo, a company specializing in mobile commerce. He described it as a "self-help book for entrepreneurs, bursting with bromides" but also as a "lucid and profound articulation of capitalism and success in the 21st century economy."[197]. "It helps maintain muscle . He provided help with timing the various rounds of funding and Zuckerberg credited Thiel with helping him time Facebook's 2007 Series D, which closed before the 2008 financial crisis.[55]. [86] In 2019, Thiel called Google "seemingly treasonous" and urged a government investigation, citing Google's work with China and asking whether DeepMind or Google's senior management had been "infiltrated" by foreign intelligence agencies. As with his husband, Matt is a successful businessman who has enjoyed a long and prolific career. So, who is Matt, and what is his story? Currently, Danzeisen works as a portfolio manager at Thiel Capital, which suggests that he has some background and expertise in finance. Pay attention: Become TUKO.co.ke ambassador get a branded T-shirt, hoodie or water bottle at our TUKO Shop! Matt Danzeisen was born in the United States, and is known all over the world for being the husband of American entrepreneur and billionaire Peter Thiel, the co-founder of PayPal. Here, in this article, familiarize yourself with some unknown facts on Peter Thiel's husband, Matt Danzeisen. [93] He invited conservative columnist and friend Ann Coulter to Homocon 2010 as a guest speaker. Matt Danzeisen's net worth and assets are estimated conservatively at over $1 million, which he earned on his own throughout his business career. Help us change more lives, join TUKO.co.kes Patreon programme. Peter Thiel and His Husband, Matt Danzeisen, Co-Own the New Zealand-Based Company, Second Star Limited Asides from their long-term romantic involvement, Matt Danzeisen and Peter Thiel. Thiel Capital LLC provides venture capital investments. This week, Facebook announced billionaire investor Peter Thiel was stepping down from its board after more than 15 years. He went to Bowditch Middle School in Foster City, and matriculated from San Mateo High School in 1985. "[187], In 1995, the Independent Institute published The Diversity Myth: Multiculturalism and the Politics of Intolerance at Stanford, which Thiel co-authored along with fellow tech entrepreneur David O. Sacks, and with a foreword by the late Emory University historian Elizabeth Fox-Genovese. Peter Theil co-authored the book The Diversity Myth: Multiculturalism And The Politics Of Intolerance At Stanford (1995), with Elizabeth Fox-Genovese and David O. Sacks. He also invested in several notable ventures, including Facebook. Matt shares his net worth with his husband Peter, so we can say that he is already a billionaire himself too. [111][112], By February 2022, Thiel was one of the largest donors to Republican candidates in the 2022 election campaign with more than $20.4 million in contributions. "I don't. Danzeisen was born in Washington, D.C. Matt's early life and upbringing have also remained a well-kept secret. In January 2018, the firm told investors that due to the cryptocurrency's surge the holdings were worth hundreds of millions of dollars. However, things turned around at some point, and the billionaire and his husband are now parents. [57], Facebook's initial public offering was in May 2012, with a market cap of nearly $100 billion ($38 a share), at which time Thiel sold 16.8 million shares for $638 million. Thereafter, Peter Theil invested $10 million to launch the global macro hedge fund Clarium Capital Management, which was followed by his investments in Facebook in August 2004, which he later sold for $1 billion in 2012.