Date of Birth: 1967 in Frankfurt, Germany
Place of Residence: Palo Alto, California
Net Worth: USD $ 2.7 Billion
Source of Wealth: self-made, industry: technology
Education: Stanford University (Bachelors and Law degrees)
Political Position: Libertarian- Conservative
In His Own Words:
I no longer believe that freedom and democracy are compatible. – (Cato Unbound)
This is always a problem with elites, they’re always skewed in an optimistic direction. -( The New Yorker)
Thiel has contributed significant sums over the past 3 American presidential elections including: $3.9 million to Endorse Liberty, whose purpose was to promote Texas congressman Ron Paul for president in 2012, a $1.25 million donation in support of Donald Trump’s Presidential campaign, as well as donations to Mitt Romney and John McCain.
Lobbying & Advocacy:
Thiel has supported gay rights causes such as the American Foundation for Equal Rights and GOProud. In 2010, Tiel held Homocon 2010 for GOProud, an LGBT conservative/libertarian organization, in his New York City apartment. Tiel himself is gay. He invited conservative columnist Ann Coulter, who is a friend of his, to Homocon 2010 as a guest speaker. Coulter later dedicated her new book, Demonic: How the Liberal Mob Is Endangering America, to Tiel. In 2012, Tiel donated $10,000 to Minnesotans United for All Families, in order to fight Minnesota Amendment 1.
In July 2012, Tiel made a $1 million donation to the Club for Growth, a fiscally conservative 501(c)4, becoming the group’s largest contributor.
Thiel made a $1 million donation to NumbersUSA, an anti-immigrant group
Motivated to sue Gawker after they published a 2007 article discussing his sexuality; in May 2016, Thiel confirmed in an interview with The New York Times that he had paid $10 million in legal expenses to finance several lawsuits brought by others, including a lawsuit by Terry Bollea (“Hulk Hogan”) against Gawker Media for invasion of privacy, intentional infliction of emotional distress, and infringement of privacy rights after Gawker made public sections of a sex tape of Bollea with a married woman. The jury awarded Bollea $140 million. Gawker announced it was permanently shutting its doors due to the lawsuit in August 2016. Thiel referred to his financial support of Bollea’s case as “one of my greater philanthropic things that I’ve done.”
Thiel carries out most of his philanthropic activities through a nonprofit foundation called the Thiel Foundation. Thiel concentrates the bulk of his philanthropic efforts on what he sees as potential breakthrough technologies.