Tuesday, August 21, 2012

Facebook Investor Peter Thiel Makes Thousand-fold Return

The fall in Facebook shares since the IPO isn't much of a worry for the earlier investors. Peter Thiel sells 80% of his Facebook shares for $400 million. He bought his stake in the company for $1/2 million. Another way to look at it is that he made a 137% p.a. return in the eight years since investing.

P.S. 22 August

Actually, he made more than a 2000-fold gain.

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