Peter Thiel is a business mogul who has built businesses that he will forever be remembered for. His business ventures are notable because they have made the world a much easier place to navigate, which has made him not just a popular person but also an extremely wealthy one. To learn more about Peter Thiel’s life, both on the business and personal front, including the juicy details about his relationship history, keep reading.
Who is Peter Thiel?
On the 11th of October in 1967, Susanne and Klaus Thiel welcomed their child Peter Andreas Thiel to the world. He was born in the largest city in Germany, Frankfurt, but when he was just a year old, his family moved across the Atlantic Ocean to Cleveland, Ohio, because of his father’s work as a chemical engineer. Peter’s childhood was further spent in different countries, including South Africa and Namibia. This led to him attending up to seven elementary schools before the family eventually settled down in California.
Growing up, Peter Thiel was very good at math and he also played chess. For his university education, he attended Stanford University where he studied Philosophy. During his time at Stanford, he created the newspaper The Stanford Review which he operated as the Editor-in-Chief until his graduation in 1989.
When Thiel was done at Stanford, he went on to their law school and in 1992, graduated with a Doctor of Jurisprudence degree. It was during his time at Stanford that Thiel decided to apply a certain principle of competitiveness to all aspects of his life. He worked for a judge right after law school, then worked for the law firm, Sullivan and Cromwell in New York for seven months before he quit. He went on to work in a few other capacities around the U.S for a while before returning to California in the late 90s.
It was around this time that the internet was growing and Thiel noticed that it was a viable market to invest in. The first business he tried failed, however, the second one was a success as it even gave him an idea for one of the best innovations that came out of the Internet boom of the late 90s, the online payment processor PayPal.
PayPal was created to give consumers ease of payment when it came to purchasing goods or services on the internet. Peter Thiel had noticed that people either had mail checks or cash for an online transaction which sometimes dissuaded them from continuing the purchase. The company was launched in 1999 and by October of 2002, it was sold to eBay for $1.5 billion.
From the sale of PayPal, Thiel made $55 million and he created ClariumCapital, a hedge fund which was built of Global Macro functionalities. The company was very successful with its first two major investments.
When Facebook was starting out, Peter Thiel gave the company $500,000 in investments and became a board member. His financial investment helped the company grow exponentially. He has since that time kept on creating companies and providing services that are known for their global impact.
Other businesses he has created or help create are Founders Fund, which is a made to provide funding for businesses that are just starting up, Mithril Capital, Valar Ventures, Y Combinator, and Palantir. All of these companies serve very different functions and cater to different groups of people.
In regards to his political affiliations, Peter Thiel is a member of the Republican Party. He has constantly given to the cause of the party and has provided financial support for the political campaigns of many Republican politicians. For President Donald Trump’s campaign, Thiel gave $1.5 million and he was part of the Presidents transition team after Trump won the elections.
Who Is His Husband Matt Danzeisen?
In 2017, at Peter Thiel’s 50th birthday party, he announced that he would be getting married to his partner Matt Danzeisen. Thiel keeps his personal life very private and the same goes for Danzeisen. As a result of this, it is not known how they met each other or how long they had been dating prior to their engagement. It is however known that Danzeisen currently works at Thiel Capital as a portfolio manager.
The duo got married in a very private ceremony in Vienna, Austria in October, 2017.