Investing are a risk and reward game. Do it right and you could build one Billion dollar assets. Understand it wrong and everything could go up in smoke.
For PayPal co -founder Peter ThielThe first external Facebook investor was hardly a bust – but there may be the repentance of a seller.
In 2004, the Tech entrepreneur first coughed 500,000 US dollars for a share of 10% in the company, just a few months after his creation -a value of around 4.9 million dollars. Almost a decade later according to the company of the company IPO in May 2012Thiel decided that it was time to pay. Thiel sold Around 20.1 million shares of the company – a large part of its share – for 19.27 to 20.69 US dollars per time, which brought about $ 400 million at that time.
If he had kept his shares to this day, they would have a value of around 14.76 billion US dollars (the share price of Meta is $ 736 at the time of writing), a decision that may even have one of the Silicon Valley of the Silicon Valley.
What made him invest first? He believed that the college market – which was the original public from Facebook – was underestimated.
“I think said To This week in startups 2015.
Assets Strecked Thiel to get a comment.
Facebook is a billionaire farm
Although the 57-year-old sold a large part of his company, he remained very involved for many years and served on the board until 2022.
“Peter was a valuable member of our board and I am deeply grateful for everything he did for our company – of belief in us if only a few other lessons teach about business, economy and world”, Facebook co -founder and CEO Mark Zuckerberg said At the time of Thiel, the jump stepped down.
Today Thiel’s net assets are around 21.7 billion US dollars, so BloombergSome thanks to the billions that he made as a co -founder of PayPal and Palantir.
And he is not the only investor who expired from Facebook’s success. The growth of the social network has created countless millionaires – and several billionaires.
Of course, nobody has benefited more financial than Zuckerberg, who, according to Bloomberg, is currently the second largest person in the world with an estimated net value of $ 260 billion. In fact, his value has increased more than any other Billionaire this yearWith an annual growth of $ 52.8 billion.
The company’s fewer well-known co-founders have also joined the billionaire club, including Dustin Moscovitz ($ 11.4 billion) and Eduardo Saverin ($ 40 billion) as well as the former COO Sheryl Sandberg ($ 2.5 billion) and former President Sean Parker ($ 3 billion).
The wrong sale at the wrong time
While it is possible that Thiel sold the sale in 2012, nothing could put the early move out in the shade Apple’s third co -founder, Ronald Wayne.
He paid his 10% participation in the computer society just 12 days after signing the contract for $ 800. Wayne’s proportion could now be worth between 75 and 300 billion US dollars, thanks to the current market capitalization of 3 trillion dollars (its shares would probably have been watered down thanks to new investors and public applications).
And while Wayne said he was not regretted at the time because he thought that one day he would only be the “richest man in the cemetery”, he is admitted that it would have been nice not to worry about money. To make ends meet, he rely on renting part of his property and promoting his monthly check for social security.
“I’ve never been rich, but I was never hungry” Business Insider.
