(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.
To contact the reporter on this story: Tom Metcalf in London at [email protected]
To contact the editors responsible for this story: Pierre Paulden at [email protected], Peter Eichenbaum, Steven Crabill
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="For more articles like this, please visit us at bloomberg.com” data-reactid=”24″>For more articles like this, please visit us at bloomberg.com
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Subscribe now to stay ahead with the most trusted business news source.” data-reactid=”25″>Subscribe now to stay ahead with the most trusted business news source.
©2020 Bloomberg L.P.
Add Comment