Peter Thiel holds just $2 million worth of shares in Facebook after recent sell-out

Thiel, a member of Facebook’s board, sold 53,602 shares held by his Rivendell One for $11m

FILE- This July 16, 2013, file photo, shows a sign at Facebook headquarters in Menlo Park, Calif. Adam Pezen, Carlo Licata and Nimesh Patel are among the billions of Facebook users who use the site to keep up with friends. And like millions of others, the three men shared their own photographs and were "tagged" in other snapshots posted by friends, sometimes at the urging of the site's suggested tag feature. Â But their Illinois addresses put the trio's names atop a lawsuit against Facebook and led to a landmark $550 million settlement last month.Â (AP Photo/Ben Margot, File)

Peter Thiel, an early investor in Facebook, divested shares in the company further whittling down his stake. AP

Feb 10, 2020

Billionaire Peter Thiel, an early investor in Facebook 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 $11m, leaving him with about $2m of stock, according to a regulatory filing Friday.

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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 per cent in the past year through Friday, making co-founder Mark Zuckerberg the world’s fifth-richest person, with an $81bn fortune, according to the Bloomberg Billionaires Index.

Thiel, 52, has a net worth of $3.4bn, including a stake in data analytics company Palantir Technologies Inc.