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I realize this is a petty and inconsequential question, but does anyone else think that the Forbes estimate of $2.6bn is a little low for a guy that was a key e

I realize this is a petty and inconsequential question, but does anyone else think that the Forbes estimate of $2.6bn is a little low for a guy that was a key early investor in Facebook and has multiple other holdings like Palantir? Is there a bunch of money Forbes isn’t counting or something?

client4 5y ago
Not to mention his investments in Tesla and space x...
stingrae 5y ago
I thought his roth ira was worth $5b alone? https://www.propublica.org/article/lord-of-the-roths-how-tech-mogul-peter-thiel-turned-a-retirement-account-for-the-middle-class-into-a-5-billion-dollar-tax-free-piggy-bank https://www.propublica.org/article/lord-of-the-roths-how-tec...
hobo_mark 5y ago
Like Thiel's famous "$5B Roth IRA" loophole that was making the rounds here a few months ago: https://news.ycombinator.com/item?id=27616090 https://news.ycombinator.com/item?id=27616090
vmception 5y ago
All net worth lists are just finance porn for plebs. There is no way of knowing. There are only some public transactions, and they are fixed in time that assume it was never lost. Additionally you would have no idea if he's holding a bunch of Dogecoin from the lows or an investor in extremely high performing PE/VC/Hedge funds. People's balance sheets are all nuanced. Those lists are not really worth anyone's time.
colechristensen 5y ago
Those are just wild guesses. You can often find actors commenting "yeah, I wish!" when somebody asks them about their net worth.
paxys 5y ago
Really rich people want to hide their wealth from the public as much as possible. Slightly rich people want to exaggerate their wealth as much as possible. Ultimately magazines like Forbes have very little real data to go off of, and so these lists all need to be taken with a huge grain of salt. If they were forced to put error bars on their projections people would see how worthless they really are.
adventured 5y ago
Bloomberg has Thiel at $8.2 billion. They list $4.x billion in 'cash.' Seems a lot more accurate than the Forbes number. I'm curious where the supposed PayPal IRA money fits into that $8b, and or if it even exists at this point (who knows). "Thiel owns about 8% of Palantir Technologies, according to an analysis of its April 2021 proxy filing. He's credited with shares held directly as well as those held by Thiel Capital, PLTR Holdings, PT Ventures, STS Holdings II, FF4 Investment, Rivendell 7 and Rivendell 25 because he's the beneficial owner of these entities." "The billionaire indirectly owns stakes in various companies through his interest in venture capital firm, Founders Fund. His stake in the firm is calculated to be 42.5% based on information in the company's 2021 Form ADV filing. It's valuation assumes insiders own 22% of the $24.5 billion in assets managed across its funds. " "The value of his cash investments is valued based on proceeds from share sales, carried interest and reported data from Thiel's federal tax returns. It includes the value of his hedge funds." https://www.bloomberg.com/billionaires/profiles/peter-a-thiel/ https://www.bloomberg.com/billionaires/profiles/peter-a-thie...

client4 5y ago

Not to mention his investments in Tesla and space x...

stingrae 5y ago

I thought his roth ira was worth $5b alone? https://www.propublica.org/article/lord-of-the-roths-how-tech-mogul-peter-thiel-turned-a-retirement-account-for-the-middle-class-into-a-5-billion-dollar-tax-free-piggy-bank https://www.propublica.org/article/lord-of-the-roths-how-tec...

hobo_mark 5y ago

Like Thiel's famous "$5B Roth IRA" loophole that was making the rounds here a few months ago: https://news.ycombinator.com/item?id=27616090 https://news.ycombinator.com/item?id=27616090

vmception 5y ago

All net worth lists are just finance porn for plebs. There is no way of knowing. There are only some public transactions, and they are fixed in time that assume it was never lost. Additionally you would have no idea if he's holding a bunch of Dogecoin from the lows or an investor in extremely high performing PE/VC/Hedge funds. People's balance sheets are all nuanced. Those lists are not really worth anyone's time.

colechristensen 5y ago

Those are just wild guesses. You can often find actors commenting "yeah, I wish!" when somebody asks them about their net worth.

paxys 5y ago

Really rich people want to hide their wealth from the public as much as possible. Slightly rich people want to exaggerate their wealth as much as possible. Ultimately magazines like Forbes have very little real data to go off of, and so these lists all need to be taken with a huge grain of salt. If they were forced to put error bars on their projections people would see how worthless they really are.

adventured 5y ago

Bloomberg has Thiel at $8.2 billion. They list $4.x billion in 'cash.' Seems a lot more accurate than the Forbes number. I'm curious where the supposed PayPal IRA money fits into that $8b, and or if it even exists at this point (who knows). "Thiel owns about 8% of Palantir Technologies, according to an analysis of its April 2021 proxy filing. He's credited with shares held directly as well as those held by Thiel Capital, PLTR Holdings, PT Ventures, STS Holdings II, FF4 Investment, Rivendell 7 and Rivendell 25 because he's the beneficial owner of these entities." "The billionaire indirectly owns stakes in various companies through his interest in venture capital firm, Founders Fund. His stake in the firm is calculated to be 42.5% based on information in the company's 2021 Form ADV filing. It's valuation assumes insiders own 22% of the $24.5 billion in assets managed across its funds. " "The value of his cash investments is valued based on proceeds from share sales, carried interest and reported data from Thiel's federal tax returns. It includes the value of his hedge funds." https://www.bloomberg.com/billionaires/profiles/peter-a-thiel/ https://www.bloomberg.com/billionaires/profiles/peter-a-thie...