Peter Thiel Whittles Down His Facebook Stake to Just $2 Million
Peter Thiel Whittles Down His Facebook Stake to Just $2 Million
(Bloomberg) -- 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, sold 53,602 shares held by his Rivendell One LLC for $11 million, leaving him with about $2 million of stock, according to a regulatory filing Friday.
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, California-based Facebook climbed 27% in the past 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. Thiel, 52, has a net worth of $3.4 billion, including a stake in data analytics company Palantir Technologies Inc.
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