History of Peter Thiel in Timeline
Peter Thiel is an American entrepreneur, venture capitalist, and political activist known for co-founding PayPal, Palantir Technologies, and Founders Fund. He was also the first outside investor in Facebook. As of March 2025, his net worth is estimated at $16.2 billion, ranking him among the wealthiest individuals globally.
October 1967: Peter Thiel's Birth
On October 1967, Peter Thiel was born in Frankfurt am Main, West Germany.
1977: Thiel Family Settled in Foster City
In 1977, the Thiel family settled in Foster City, California, after living in South Africa and South West Africa (Namibia).
1985: Thiel Graduated as Valedictorian
In 1985, Peter Thiel was valedictorian of his graduating class at San Mateo High School.
1987: Thiel Co-founded The Stanford Review
In 1987, Peter Thiel co-founded The Stanford Review, a conservative and libertarian newspaper, at Stanford University.
1989: Thiel Graduated from Stanford University
In 1989, Peter Thiel graduated from Stanford University and maintained his relationship with The Stanford Review thereafter.
1992: Thiel Earned Juris Doctor Degree
In 1992, Peter Thiel earned his juris doctor degree from Stanford Law School.
1993: Thiel Worked at Credit Suisse
In 1993, Peter Thiel worked as a derivatives trader in currency options at Credit Suisse while also working as a speechwriter for William Bennett.
1995: Thiel and Sacks publish The Diversity Myth
In 1995, Peter Thiel and David O. Sacks published "The Diversity Myth," a book criticizing political correctness and multiculturalism in higher education.
1995: Thiel Co-Authors The Diversity Myth
In 1995, Peter Thiel co-authored "The Diversity Myth: Multiculturalism and the Politics of Intolerance at Stanford" with David O. Sacks, criticizing political correctness and multiculturalism in higher education.
1996: Thiel Founded Thiel Capital Management
In 1996, Peter Thiel founded Thiel Capital Management.
1996: Thiel Returned to California
Peter Thiel returned to California in 1996.
1997: Thiel Referenced the Asian Financial Crisis
Peter Thiel referenced the 1997 Asian financial crisis, highlighting the potential of PayPal to provide citizens with direct control over their currencies.
1998: Thiel Founded Fieldlink/Confinity
In 1998, Max Levchin described his cryptography company idea to Peter Thiel, which became their first venture called Fieldlink, later renamed Confinity.
1998: Thiel Co-founded PayPal
In 1998, Peter Thiel co-founded PayPal with Max Levchin and Luke Nosek.
1998: Thiel Referenced the Russian Financial Crisis
Peter Thiel referenced the 1998 Russian financial crisis, highlighting the potential of PayPal to provide citizens with direct control over their currencies.
1999: Confinity Launched PayPal
In 1999, Confinity launched PayPal to provide a secure digital wallet for online payments.
1999: PayPal Launched and Received Venture Funding
In 1999, PayPal launched at a press conference, receiving $3 million in venture funding from Nokia and Deutsche Bank via PayPal on their PalmPilots.
1999: Thiel Invests in PayPal Shares
In 1999, Peter Thiel invested $1,700 in 1.7 million founder's shares of PayPal using a Roth IRA, a move that would later lead to substantial financial gains.
1999: Thiel Discussed PayPal's Mission
In 1999, Peter Thiel spoke about PayPal's mission to liberate people from the erosion of currency value due to inflation.
2000: PayPal Merged with X.com and Pixo
In 2000, PayPal merged with Elon Musk's X.com and Pixo, expanding into the wireless phone market and improving user experience.
February 2002: PayPal Went Public
On February 15, 2002, PayPal went public.
2002: eBay Acquired PayPal
In 2002, eBay acquired PayPal for $1.5 billion, and Peter Thiel remained CEO until the sale.
May 2003: Thiel Incorporated Palantir Technologies
In May 2003, Peter Thiel incorporated Palantir Technologies, named after the Tolkien artifact.
2003: Thiel's last chess competition
In 2003 Peter Thiel participated for the last time in a chess competition, although he stills holds the title of Life Master.
2003: Thiel Launched Palantir Technologies
In 2003, Peter Thiel launched Palantir Technologies, a big data analysis company, and has been its chairman since its inception.
2003: Thiel Predicted Dollar Weakening
In 2003, Peter Thiel successfully predicted that the United States dollar would weaken.
August 2004: Thiel Invested in Facebook
In August 2004, Peter Thiel became Facebook's first outside investor, acquiring a 10.2% stake for $500,000.
2004: Thiel Invested in Facebook After Meeting Zuckerberg
In 2004, Peter Thiel invested $500,000 in Facebook after being introduced by Reid Hoffman and meeting with Mark Zuckerberg. The investment was in the form of a convertible note, which Thiel allowed to be converted to equity even when Facebook narrowly missed the target of reaching 1.5 million users by the end of 2004.
2004: Thiel Spoke About the Financial Sector Bubble
In 2004, Peter Thiel spoke of the dot-com bubble migrating into the financial sector, specifying General Electric and Walmart as vulnerable.
2004: Thiel writes "The Straussian Moment" essay
In 2004, Peter Thiel wrote "The Straussian Moment", an essay considered a fundamental text in his political thinking, arguing for a reexamination of modern politics after the September 11 attacks.
2005: Clarium Capital Saw 57.1% Return
In 2005, Clarium Capital saw a 57.1% return as Peter Thiel predicted that the dollar would rally.
2005: Thiel creates Founders Fund
In 2005, Peter Thiel created Founders Fund, a San Francisco-based venture capital fund, with partners including Sean Parker, Ken Howery, and Luke Nosek.
September 2006: Thiel Donates to Methuselah Mouse Prize Foundation
In September 2006, Peter Thiel announced a $3.5 million donation to the Methuselah Mouse Prize foundation to promote anti-aging research, citing the potential for improved health and longevity.
2006: Clarium Capital Experienced Loss
In 2006, Clarium Capital faltered with a 7.8% loss.
2006: Thiel Backs Singularity Institute
In 2006, Peter Thiel provided $100,000 in matching funds to support the Singularity Challenge donation drive of the Singularity Institute for Artificial Intelligence, now known as the Machine Intelligence Research Institute. The organization promotes friendly artificial intelligence development.
December 2007: Thiel endorses Ron Paul for president
In December 2007, Peter Thiel endorsed Ron Paul for President in the 2008 United States presidential election.
2007: Clarium Capital Achieved High Return
In 2007, Clarium Capital achieved a 40.3% return, growing assets under management.
2007: Gawker publishes article outing Thiel
In 2007, Gawker published an article publicly outing Peter Thiel, headlined "Peter Thiel is totally gay, people."
2007: Thiel Helped Time Facebook's Funding Round
In 2007, Peter Thiel helped time Facebook's Series D funding round, which closed before the 2008 financial crisis.
2007: Thiel Provides Matching Funds for Singularity Institute
In 2007, Thiel provided half of the $400,000 matching funds for the Singularity Institute's donation drive, furthering his support for artificial intelligence research.
April 2008: Thiel Pledges to Seasteading Institute
On 15 April 2008, Peter Thiel pledged $500,000 to the newly created non-profit Seasteading Institute, aimed at establishing autonomous ocean communities to foster social and political innovation.
2008: Thiel Supports Committee to Protect Journalists
Beginning in 2008, Peter Thiel has donated over $1 million to the Committee to Protect Journalists (CPJ), supporting the rights of journalists to report freely.
2008: Facebook Avoided Financial Crisis
In 2007, Peter Thiel helped time Facebook's Series D funding round, which closed before the 2008 financial crisis.
2008: Clarium Capital's Assets Fell
In 2008, Clarium Capital's assets under management fell after financial markets collapsed.
2008: Thiel contributes to John McCain campaign
In 2008, after Ron Paul failed to secure the Republican nomination, Peter Thiel contributed to the John McCain campaign.
2009: Thiel Speaks at Singularity Summit
At the 2009 Singularity Summit, Peter Thiel expressed his concern that the technological singularity was not arriving quickly enough, highlighting his interest in accelerating technological advancement.
2009: Clarium Capital's Assets Fell Again
In 2009, Clarium Capital's assets under management fell again after financial markets collapsed.
2009: Thiel helps fund O'Keefe's "Taxpayers Clearing House" video
In 2009, it was reported that Peter Thiel helped fund college student James O'Keefe's "Taxpayers Clearing House" video, a satirical look at the Wall Street bailout.
2009: Thiel essay expresses disillusionment with democracy
In a 2009 essay, Peter Thiel expressed he "no longer believe that freedom and democracy are compatible" and focused on technologies like cyberspace, space colonization, and seasteading to create new spaces for freedom.
September 2010: Thiel expresses skepticism about consumer Internet sector growth, argues Facebook undervalued
In September 2010, Peter Thiel expressed skepticism about the growth potential in the consumer Internet sector. He argued that Facebook, with a secondary market valuation of $30 billion at the time, was undervalued compared to other Internet companies.
September 2010: Thiel Creates Thiel Fellowship
On 29 September 2010, Peter Thiel established the Thiel Fellowship, which annually awards $100,000 to 20 individuals under 23 years old to encourage them to forgo college and pursue their entrepreneurial ventures.
2010: Thiel Co-founded Valar Ventures
In 2010, Peter Thiel co-founded Valar Ventures.
2010: Thiel invites Coulter to Homocon
In 2010, Peter Thiel invited conservative columnist Ann Coulter to Homocon as a guest speaker.
2010: Thiel supports Meg Whitman's gubernatorial bid
In 2010, Peter Thiel supported Republican Meg Whitman in her unsuccessful bid for the governorship of California, contributing the maximum allowable $25,900 to her campaign.
August 2011: Thiel Obtains New Zealand Citizenship
In August 2011, Peter Thiel received New Zealand citizenship in a private ceremony, despite not meeting the typical residency requirements, raising questions about the criteria for citizenship.
November 2011: Thiel Foundation Announces Breakout Labs
In November 2011, the Thiel Foundation announced the creation of Breakout Labs, a grant-making program offering up to $350,000 to science-focused start-ups outside traditional academic or corporate settings.
2011: Thiel Describes Religious Beliefs
As of 2011, Peter Thiel described his religious beliefs as "somewhat heterodox," affirming his belief in Christianity without feeling a strong need to proselytize. Thiel also participated in Veritas Forum events discussing religion, politics, and technology with N. T. Wright.
2011: Clarium Capital's Investors Pulled Out
By 2011, after missing out on the economic rebound, many key investors pulled out of Clarium Capital, reducing its assets.
2011: Coulter dedicates book to Thiel
In 2011, Ann Coulter dedicated her book, "Demonic: How the Liberal Mob Is Endangering America", to Peter Thiel.
2011: Thiel Gives to Seasteading Institute and Resigns from Board
In 2011, Peter Thiel donated $1.25 million to the Seasteading Institute but resigned from its board the same year, marking a shift in his involvement with the organization.
2011: Thiel Donates to Christchurch Earthquake Appeal
In 2011, Peter Thiel donated NZ$1 million to an appeal fund supporting the casualties of the Christchurch earthquake, demonstrating his philanthropic support.
2011: Thiel Supports Human Rights Foundation and Oslo Freedom Forum
In 2011, Peter Thiel supported the Human Rights Foundation, was a featured speaker at the Oslo Freedom Forum, and the Thiel Foundation was a main sponsor of the event, furthering his involvement in human rights advocacy.
2011: Thiel Granted New Zealand Citizenship
In 2011, Peter Thiel was controversially granted New Zealand citizenship after the Fifth National Government intervened on his behalf, despite spending only 12 non-consecutive days in the country.
2011: Thiel's Contributions and New Zealand Citizenship Application
In 2011, Peter Thiel's New Zealand citizenship application cited his economic contributions, including founding a venture capital fund and investing $7 million in local companies, as well as a $1 million donation to the Christchurch earthquake appeal fund.
January 2012: Thiel supports Endorse Liberty Super PAC
In January 2012, Peter Thiel, along with Nosek and Scott Banister, supported the Endorse Liberty Super PAC, collectively giving $3.9 million to promote Ron Paul's campaign. The Super PAC spent $3.3 million on Youtube Channels, buying ads from Google, Facebook and StumbleUpon.
April 2012: Breakout Labs Announces First Grantees
In April 2012, Breakout Labs announced its initial set of grantees, awarding a total of $4.5 million to 12 startups, including 3Scan, a tissue imaging platform.
May 2012: Thiel sells Facebook shares during IPO
In May 2012, during Facebook's initial public offering with a market cap of nearly $100 billion ($38 a share), Peter Thiel sold 16.8 million shares for $638 million.
June 2012: Thiel launches Mithril Capital Management
In June 2012, Peter Thiel launched Mithril Capital Management, named after the fictitious metal in The Lord of the Rings, with Jim O'Neill and Ajay Royan. Mithril Capital, a fund with $402 million at launch, targets companies beyond the startup stage, ready to scale up.
July 2012: Thiel donates to Club for Growth
In July 2012, Peter Thiel made a $1 million donation to the Club for Growth, a fiscally conservative 501(c)(4) organization, becoming the group's largest contributor.
August 2012: Thiel sells remaining Facebook stake
In August 2012, immediately after the early investor lock-up period concluded, Peter Thiel sold almost all of his remaining Facebook stake for between $19.27 and $20.69 per share, totaling $395.8 million, bringing his total earnings to over $1 billion. He kept his seat on the board of directors.
2012: Thiel donates to fight Minnesota Amendment 1
In 2012, Peter Thiel donated $10,000 to Minnesotans United for All Families to fight Minnesota Amendment 1, which proposed to ban marriage between same-sex couples.
2012: Thiel Sold Facebook Shares and Co-founded Mithril Capital
In 2012, Peter Thiel sold the majority of his shares in Facebook for over $1 billion and co-founded Mithril Capital, serving as investment committee chair.
2012: Thiel Teaches Startup Course at Stanford
In spring 2012, Peter Thiel taught the class CS 183: Startup at Stanford University, sharing his insights on building successful companies.
2013: Thiel Foundation Donates Over $1 Million to Singularity Institute
As of 2013, the Thiel Foundation had donated over $1 million to the Machine Intelligence Research Institute, demonstrating Thiel's ongoing financial commitment to artificial intelligence research.
September 2014: Zero to One Book Released
In September 2014, the book "Zero to One: Notes on Startups, or How to Build the Future" by Peter Thiel and Blake Masters was released, based on notes from Thiel's Stanford course.
2014: Thiel Expresses Interest in Anti-Aging Research and Cryonic Preservation
At the Venture Alpha West 2014 conference, Peter Thiel stated his desire to make progress in anti-aging research. Thiel also mentioned that he is registered for cryonic preservation with the Alcor Life Extension Foundation, in hopes of future revival.
2014: Google acquires DeepMind
In early 2014, DeepMind, a UK start-up backed by Peter Thiel, was acquired by Google for £400 million.
March 2015: Thiel joins Y Combinator as part-time partner
In March 2015, Peter Thiel joined Y Combinator as one of 10 part-time partners.
December 2015: Thiel Backs OpenAI
In December 2015, it was announced that Peter Thiel was one of the financial backers of OpenAI, a nonprofit company focused on the safe development of artificial general intelligence.
2015: Palantir Valued at $20 Billion
By 2015, Palantir was valued at $20 billion, with Peter Thiel being the company's largest shareholder.
2015: Thiel Became Partner at Y Combinator
From 2015 to 2017, Peter Thiel was a part-time partner at Y Combinator.
2015: Thiel Purchases Estate in New Zealand
In 2015, Peter Thiel purchased a 193-hectare estate near Wānaka, New Zealand, classified as "sensitive land", without requiring permission due to his citizenship.
2015: Thiel discusses innovation discrepancy in computing vs. physical world
In a 2015 conversation with Tyler Cowen, Peter Thiel claimed that innovative breakthroughs were happening in computing and IT, not the physical world, and cited regulation as a cause.
May 2016: Thiel confirms financing lawsuits against Gawker
In May 2016, Peter Thiel confirmed that he had paid $10 million in legal expenses to finance lawsuits against Gawker Media, including a lawsuit by Terry Bollea (Hulk Hogan).
August 2016: Gawker Media closes due to Bollea lawsuit
In August 2016, Gawker announced it was permanently closing due to the $140 million jury award in the lawsuit financed by Peter Thiel brought by Terry Bollea (Hulk Hogan).
August 2016: Thiel defends online privacy in NYT opinion piece
On 15 August 2016, Peter Thiel published an opinion piece in The New York Times, arguing that his defense of online privacy extended beyond Gawker and included support for the Intimate Privacy Protection Act, asserting the right of athletes and executives to remain in the closet.
October 2016: Thiel donates to Trump campaign
On 15 October 2016, Peter Thiel announced a $1.25 million donation in support of Donald Trump's 2016 presidential campaign.
November 2016: Thiel Makes Ceremonial First Move at World Chess Championship
On 30 November 2016, Peter Thiel made the ceremonial first move in the first tiebreak game of the World Chess Championship 2016 between Sergey Karjakin and Magnus Carlsen, recognizing his connection to the game.
2016: Thiel Apologizes for Statements in The Diversity Myth
In 2016, Peter Thiel apologized for insensitive statements made in "The Diversity Myth", specifically regarding rape crisis movements and multicultural rape charges, expressing regret for the passages.
2016: Thiel Funded Hulk Hogan's Lawsuit Against Gawker
In 2016, Peter Thiel confirmed that he had funded Hulk Hogan in the Bollea v. Gawker lawsuit because Gawker had previously outed Thiel as gay. The lawsuit eventually bankrupted Gawker and led to founder Nick Denton's bankruptcy.
2016: Thiel sells additional Facebook shares
In 2016, Peter Thiel sold a little under 1 million of his Facebook shares for around $100 million.
February 2017: Thiel's Donations to Methuselah Mouse Prize Foundation Exceed $7 Million
As of February 2017, Peter Thiel had donated over $7 million to the Methuselah Mouse Prize foundation, underscoring his dedication to anti-aging research.
November 2017: Thiel sells more Facebook shares
In November 2017, Peter Thiel sold another 160,805 Facebook shares for $29 million, leaving him with 59,913 Class A shares.
November 2017: Y Combinator severs ties with Thiel
In November 2017, it was reported that Y Combinator had severed its ties with Peter Thiel.
2017: Founders Fund invests in Bitcoin
In 2017, Founders Fund bought about $15–20 million worth of bitcoin.
2017: Thiel invests in Clearview AI
In 2017, Peter 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.
2017: Thiel's New Zealand Citizenship Made Public
In 2017, Peter Thiel's New Zealand citizenship, obtained in 2011, became public, leading to scrutiny of the circumstances surrounding its acquisition and the potential influence of his connections.
2017: Thiel Assesses Seasteading Feasibility
In a 2017 interview with The New York Times, Peter Thiel deemed seasteads "not quite feasible from an engineering perspective" and "still very far in the future", tempering his previous enthusiasm for the concept.
2017: Thiel's Time at Y Combinator Ended
Peter Thiel's time as a part-time partner at Y Combinator ended in 2017.
January 2018: Founders Fund Bitcoin holdings surge in value
In January 2018, Founders Fund informed investors that due to the surge in cryptocurrency value, their bitcoin holdings were worth hundreds of millions of dollars.
July 2018: Thiel donates to Trump Victory Committee
In July 2018, Peter Thiel donated $250,000 to the Trump Victory Committee in support of the Republican National Committee during the 2018 midterm elections and Trump's 2020 re-election campaign.
2019: Thiel's PayPal Investment Grows Significantly
As of 2019, Peter Thiel's initial $1,700 investment in PayPal shares through a Roth IRA had grown to over $5 billion, largely due to reinvestments in companies like Palantir and Facebook.
2019: "The Straussian Moment" discussed at Hoover Institution
In 2019, Peter Thiel's 2004 essay "The Straussian Moment" was the subject of an interview at the Hoover Institution.
April 2020: Thiel's Facebook holdings reduced
As of April 2020, Peter Thiel owned less than 10,000 shares in Facebook.
2020: Thiel supports candidates questioning 2020 election results
By February 2022, Peter Thiel was one of the largest donors to Republican candidates in the 2022 election campaign and several of the candidates that he supported were proponents of the falsehood that there was significant voter fraud in the 2020 election.
2020: Thiel's PAC supports Kobach's Senate bid
In 2020, Peter Thiel's political-action committee, Free Forever, supported Kris Kobach's failed Senate bid and received almost all of its contributions from Thiel himself.
2020: Thiel supports Trump's re-election campaign
In July 2018, Peter Thiel donated $250,000 to the Trump Victory Committee in support of Trump's 2020 re-election campaign.
2021: Thiel reported as FBI informant
In 2021, Business Insider reported that Peter Thiel became an FBI informant.
2021: Details of Thiel's PayPal Investment Revealed
In 2021, ProPublica revealed that Peter Thiel had purchased 1.7 million founder's shares in PayPal using $1,700 in a Roth IRA in 1999, growing to over $5 billion by 2019. Since Thiel paid taxes on his initial deposit, he can withdraw the balance tax-free after age 59½.
February 2022: Thiel is a top donor to Republican candidates
By February 2022, Peter Thiel was one of the largest donors to Republican candidates in the 2022 election campaign, with more than $20.4 million in contributions. He supported 16 senatorial and congressional candidates.
February 2022: Thiel announces departure from Meta board to support pro-Trump candidates
On 7 February 2022, Peter Thiel announced he would not seek re-election to the board of Facebook owner Meta at the 2022 annual stockholders' meeting. He planned to leave after 17 years to support pro-Donald Trump candidates in the 2022 United States elections.
2022: Thiel Remains Chairman of Palantir Technologies
As of 2022, Peter Thiel continues to be the chairman of Palantir Technologies.
2022: Thiel Endorses and Donates to Blake Masters' Senate Campaign
In 2022, Peter Thiel endorsed and donated over $10 million to Blake Masters' campaign in the United States Senate election in Arizona, supporting his former student's political aspirations.
2022: Thiel Stepped Down from Facebook Board
In 2022, Peter Thiel stepped down from the board of directors of Facebook.
March 2023: Jeff Thomas dies
In March 2023, Jeff Thomas, who was in a long-term relationship with Peter Thiel from the onset of the COVID-19 pandemic, passed away suddenly.
2023: Thiel to cease donations to politicians
In 2023, Barton Gellman of The Atlantic wrote that Peter Thiel "has lost interest in democracy" and that "he wouldn’t be giving money to any politician, including Donald Trump, in the next presidential campaign". According to Reuters this occurred after he disagreed with the Republican party's focus on cultural issues.
February 2025: DemonTower in Night in the Woods was named after Thiel
In February 2025 Scott Benson stated that Peter, a vampire final boss of the action adventure minigame DemonTower in Night in the Woods was named after Peter Thiel.
March 2025: Thiel's Net Worth
As of March 2025, Forbes estimated Peter Thiel's net worth to be US$16.2 billion, ranking him as the 129th richest person globally.
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