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Peter Thiel whittles down his Facebook stake to just $2 million

Peter Thiel
Entrepreneur and venture capitalist Peter Thiel appears on “Fox & Friends” on Aug. 9 in New York City.
(John Lamparski / Getty Images)

Billionaire Peter Thiel, an early investor in Facebook Inc. who once controlled 45 million shares of the social media giant, unloaded most of his remaining stake last week.

Thiel, a member of Facebook’s board of directors, sold 53,602 shares held by his firm Rivendell One for $11 million, leaving him with about $2 million of stock, according to a Friday regulatory filing.

The transactions are the latest in a series of sales in recent years that have left Thiel with just 9,948 directly held shares. He sold most of his stake in 2012.

Shares of Menlo Park, Calif.-based Facebook climbed 27% in the year through Friday, making co-founder Mark Zuckerberg the world’s fifth-richest person, with an $81-billion fortune, according to the Bloomberg Billionaires Index.

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Thiel, 52, has a net worth of $3.4 billion, including a stake in data analytics company Palantir Technologies Inc.

Peter Thiel’s stoking of the U.S.-China trade war is either a bitter response to missing the investment opportunity or a brilliant long game that’s reaching a climax.


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