Peter Thiel just sold $101 million worth of Facebook shares

Peter Thiel

Venture Capitalist Peter Thiel, the c0-founder of PayPal and Facebook’s first institutional investor, has sold 857,626 Class A shares in Facebook.

The sale has netted Thiel $101 million, according to a filing with the Securities and Exchange Commission.

Thiel has been a member of Facebook’s board of directors since April 2005. The shares were sold through his Rivendell One LLC holding company.

He is now the owner of 214,407 Class A shares in the company. At Facebook’s current value that leaves Thiel with $25.3 million in valued shares.

This isn’t the first time Thiel has unlocked his Facebook shares, he sold 20.6 million of his 26.6 million shares of the company in August 2012, shortly after the company went public. At the time the sale of those shares earned him nearly $400 million. Not a bad take home for an original $500,000 investment.

He also sold 16.8 million shares during Facebook’s initial public offering in May of that year.

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It should be noted that this isn’t the first time Thiel has sold off a large number of shares from his investments.

The famed venture capitalist is also an investor in numerous other tech firms including Palantir, Airbnb, and Stripe

He is estimated to have a net worth of $2.7 billion.

Written by Franklin Simmons

Franklin Simmons

Franklin Simmons is BusinessPundit's Tech Editor. His life is consumed with a love of augmented reality, mobility, and emerging technology. He extensively covers all areas of technology, including the computing, automotive, and healthcare sectors. He can be reached at College Reviews