How Peter Thiel Made $10 Billion Without Ever Working
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- Опубліковано 5 тра 2024
- Have you ever heard of a self-made billionaire who made it there with minimal effort from themselves? Whether they’re a tech billionaire, a finance billionaire, or a real estate billionaire, usually getting to where they are takes decades of grinding. But there is one guy who was able to not just make $1 billion but $10 billion without ever really working, and that guy is Peter Thiel. The bulk of Peter’s wealth was made through early-stage startup investments. This included the likes of PayPal, Facebook, Ethereum, Lyft, Yelp, Airbnb, Spotify, SpaceX, and Stripe. And the craziest part is that he didn’t even start off with his own money, he actually started with borrowed money from friends and family. He would take a spread on the profit that he made for his friends and family, and eventually, he had enough capital to make investments himself. This video tells the insane story of Peter Thield and how he was able to make $10 billion without ever working.
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Timestamps:
0:00 - Peter Thiel
2:05 - Completely Lost
5:39 - Thiel Capital Management
8:32 - Winning Streak Of A Lifetime
Thumbnail Credit:
John Lamparski - Getty Images
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This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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So his parents were in the top 10%. He got an education from a top 1% university. Now he's in the top 0.01% 💰 🤑 💸
rich get richer... tale as old as time...
Immigrants who moved around constantly, that’s the top 10%? Got a full scholarship to a top 1% school… I know this guy isn’t an all round great guy but it’s pure insecurity to say he had everything handed to him.
@@thomasduthie idk if you know but, if you are a chemical engineer moving around countries, i think you'd be quite a successful person
that's still a climb. not many people start in top 10% and get in the top 0.01%...
you do get how difficult the jump is... right?
the clickbait levels are getting off the charts even for you
Bottom line, have a lot of rich, well connected friends. And of course have a vision.
+ A lot of showing up everyday!
And end up being parasites to society.
Also be extremely smart
You forgot have a top 0.1%, and be a lifetime learner
@@jayjay210197sometimes smartness cam become hindrances.
Thank you Lord Jesus for the gift of life and blessings to me and my family $140K weekly profit Our lord Jesus have lifted up my Life!!! A. V
I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.
How
..? Am a newbie in crypto investment, please can you guide me through on how you made profit?
Thanks to Mr Lee Davis.
He's a licensed broker here in the states
YES!!! That's exactly his name (Lee Davis) so many people have recommended highly about him and am just starting with him 😊 from Brisbane Australia🇦🇺
So you also say that Warren Buffett never worked for substantial amounts of money ever?
Being an investor is real work. Nonetheless, Peter Thiel cemented himself as a legend in his field, truly a one-of-a-kind guy.
Great work, highlighting Peters legendary bets.
Investing is definitely work, and it’s a lot of responsibility and risk as well. But I guess the point is that Peter never really had any earned income as a founder or executive or any of those traditional paths :)
@@LogicallyAnswered Haven't watched the video yet and have been subscribed for a fairly long time and enjoy your videos, but given the initial comment you just replied to: Given your follower count and ability to create videos that are viewed by so many, shouldn't you have proof read the script and removed that sort of comment.
(Again, I haven't watched the video yet, I just caught this comment at a time that might get your opinion)
@@LogicallyAnsweredthe point is you’re ok with lying.
When you are surrounded by influential and wealthy people and you are smart at convincing them to part with some of their money for investments, I think there is no need to work and make money the traditional way if you know how invest them in startups. That’s what the presentation was all about.
Investing isn’t work. The whole point is for your money (and people by proxy) to work for you.
He’s just like me! Well, besides the 10 billion part…
😂
😂😂
Same here minus the money, intelligence and I like chicks instead. 😂
You forgot intelligence and personality
something you didnt mention is how peter had tons of private paypal stock in his ira and then rolled it into his roth. He paid pennies on the dollar for taxes for the back door roth converstion because paypal wasnt public so the value of stock was low. Now he has 5 billions in tax free money after paypal went public. This move saved him BILLIONs in taxes. Pay taxes low and avoid taxes on gains forever
What a genius play hahaha
What do you mean backdoor? Is that illegal?
@@alphamineronno that's just what it's called when you convert dollars from an IRA to a Roth IRA. It's completely legal and something many many people do, not just super rich people.
@@shawnrosspetersbut don’t you have to pay taxes for it? He probably have a few thousand dollars of PayPal stocks, but that is still taxed.
many people do this, the rules are different for the wealthy
Great video, I really appreciate the dedication in each video you post. Despite the dip in crypto, I still thank you for the level headed financial advice. I started crypto investment with $4,345 and since following you for few weeks now, i've gotten $18,539 in my portfolio. Thanks so much Maria Susan.
I'm surprised that you just mentioned Maria Susan here. I met her at a conference in 2018 and we have been working together ever since.
She is my family's personal broker and also a personal broker in many families in United States, she's a licensed broker and a FINRA AGENT in United states.
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading.
Susan’s expertise in customizing investment portfollos based on changing market conditions and personal risk profiles is exceptional it's not a one size-fits-all approach, which is crucial in crypto investing.
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
Peter Thiel made money selling. AND YES he needed to WORK.
The difference is that he worked on selling companies, whether he took them public or sold them to another company. And he knows well that it is not necessary to be the founder of a company to sell it, it is enough to have a stake in it.
The same with purchasing shares of other companies, it is a way of selling parts of other companies without being the owner or founder of them.
buy low, sell high.
The difference is that it focused on VALUATION, not so much on the gross profit of the companies, what matters in the stock market is that the shares one owns are from a company with a good future valuation.
To the moon with Eledator!
Thiel secret sauce: Money + Education + Connected Friends + Dumb Luck
Thats the formula
he went to a top school, he is very smart.
Not really. To excel at math one need really high IQ and that's mostly genetic.
its all excuse of unsuccessful people
The fact that you all think you could be him with the right amount of luck shows how sad the current landscape is. Pathetic.
I know folks with similar background who have nothing to show.
In his own case, Peter used it to his advantage. He is one brilliant guy.
This dude became rich the same way Naruto became Hokage. Hard work and every advantage at birth possible plus high charisma and luck stats
Said in a different way, have a few million laying around.
It's the same argument.
If you need a few million, start with a few hundred thousand.
If you need a few hundred thousand start with a few thousand.
_"...lack of transcendental value in the job."_
What a phrase. I wish I had the financial security to quit any job that didn't fulfill me.
😂
ikr, imagine trying that in this job market today.
The amount and level of pivots this guy made is only possible for those with mad nepotism status
In conclusion, this guy is lucky, very lucky
Hahaha
Their is no such, as luck. He has good karma from previous life...
there's no such thing as luck✡️
No he's a member of a society of secrets
No, watch his documentary and you will know. It's easy to just type a comment but I don't think you can do 10% of what he did if you were in his position
It's beyond comfortable to make phone louder and listen to your content. Many thanks for your effort.
He might have worked less than others (lucky guy) but he is so smart. His book avouf startups "from zero to one" is a great reading, and the audio is available for free on UA-cam.
Working for CIA. It's common knowledge tbh.
Palantir
I was about to say this. Palantir and Facebook have intel and defense contracts. Palantir is essentially a privatized intelligence agency. I would argue his real wealth is probably more than $10 billion ($30 billion range) lol
fun fact, if bill gates never sold his stock on MSFT he would be worth north of 1.5 trillion.
True
How much did he own?
wrong because of shares being issued and stock based comp to newer employees he wouldve been diluted.
That's what happens when you follow advice from friends like Warren Buffett 😂
Love All ,
Trust A Few ,
Do Wrong To No One .....
The click bait be real. He worked numerous jobs. And he started a venture capital company, ya know where he WORKED
Peter Thiel is surely one of the great inverstors of modern times. Thanks Hari for the video!
No doubt!
Very high quality content, the author definitely knows his stuff.
One takeaway from this video: If you want job, money or respect then have a rich and influential network.
Thiel's journey exemplifies the power of strategic connections and calculated risks in the entrepreneurial world. It's a testament to the importance of leveraging opportunities and forging meaningful relationships on the path to success! 🚀
I don't know if meaningful relationships is the right word, but yeah that is correct.
@@lox7182 Cheers man!
That was a nice profile of Peter Thiel. Good insight and inspiring. Thank you
This is a fabulous account and example shows that chasing Purpose, Meaning and fulfilment over just money or even a high paying job is the answer to success at insane levels.
If you’re the guy who knows all the right people and how to create successful startups then you become indispensable to companies when they are most desperate and vulnerable
*Thank* *you* *for* *this* *wonderful* *video* ! *I* *have* *incurred* *so* *much* *losses* *trading* *on* *my* *own* .... *I* *trade* *well* *on* *demo* *but* *I* *think* *the* *real* *market* *is* *manipulated* .... *Can* *anyone* *help* *me* *out* *or* *at* *least* *tell* *me what I'm doing wrong?*
Well...l will advise you should stop
trading on your own if you keep losing
and start trading with an expert
because trading with an expert is the
best strategy for newbie..
I think l'm blessed if not I wouldn't have met someone who is as spectacular as expert mrs Janet..
High recommended
Wow, I'm surprised to see Janet mentioned here as well. I didn't know she had been kind to so many people
Mrs Janet successful stories are everywhere, all over the place.
Though I started with as low as $15,000
actually because it was my first time and it was successful, she's a great personality in the state
I met Peter and I could barely get a question in, because I mentioned I worked in oil drilling and he could NOT stop asking me questions. Inquisitive guy and I hear Warren Buffett is the same
2:52 When you mention Namibia, why do you have to show that image? You are the people that give people the wrong impression of Africa. Namibia is a beautiful well-developed country. I got my Engineering degree there......
Don't mind those westerners ignoramus... everything Africa is shit for them...
On a higher note Namibia has better infrastructure than most countries in Europe.... Very primitive people this western media
So basically he's a tech bull :D
Indeed
He's whay every middleman aspires to be
Thiel is very smart, endeavoring, quite lucky and rather ruthless: a winning combination to make a lot of money.
I knew being a lawyer wasn’t a real job…Sarcasm for the click baiting title…Good video !
Time to watch something interesting
Peter one of the most foundational libertarian tech ghouls of Silicon Valley
No wonder he's the financial backer for some of the crappiest American politicians.
He is also the author of the book international bestseller “0 to 1”
Really should mention how he ended up with billions growing tax free in his Roth account.
10:41 You forgot to mention that he sheltered his Facebook in a Roth IRA....probably the most gangster Austrian economics libertarian tech bro move ever.
What type of bckground music he is using ?
Thanks gonna try this one
Good luck brother
Amazing video.Keep it up.Greetings from London.
He is a true visionary who the hell predicts crypto and cell phone computing in 1999?😂😂
Please do Michael Platt - Christopher Hohn - Jim Ratcliffe - Ben Francis Gymshark.
This isn't a knock on your channel, because its great.
His backstory was a bit long winded, when its more interesting the strategies he used to get rich.
Good info Hari❤
In summary: How to get rich: be rich. Get richer. Profit.
Just today i was reading "Zero to one"
Are not most billionaires people that never actually "worked"?
well done!
Peter is good at forecasting the future , like an economic hitman
Lots of stupid comments in the comment section here. 1st time seeing your face brother. Awesome video again. Keep doing what you do! Big Fan!
I didn't understand how he was able to switch jobs so smoothly and get a new one in a completely different area... Was it because he's from Stanford?
Did he pay you to make this video?
Nah hahaha, it would be crazy if I was actually in contact with Peter 😂
Click-baity title aside, perseverance and a stroke of luck got him where he is. But it's work. Lots of work. Evaluating startups is no easy feat, you basically play at predicting the future of a company, and that takes a lot of research and negotiation and good mgmt
Without ever working…except that he did!! Clickbait much?
Doing a profile like this, one would think you'd take the time to find out how to pronounce the persons name xD
I still don't understand/figure out any evidence supporting "zero working theory"
He was born rich. That's why
MF asked his bank to calculate his dollars per hour worked and realized what happened when you divide by 0
What a clickbait of a video description.
I just don't know how to match the content with the title🤦♂
What happened to the roth ira??
Yeah he made the biggest return on an IRA in history I believe! 💯check out his book 0-1 too it’s great.
2:00 come on man, I like your channel. But you can do better than that.
Let’s not pretend that finding people with cash and recognizing companies that would be a good investment and getting those people with cash to invest takes no work.
If anybody disagrees, go and try to do it.
also, he couldn’t have made any money unless he was doing right by people who were investing with him so he was certainly creating value for both the investors and the businesses who received those investments.
Investing is working man ...
That is work and hard work to run real state business
Fun fact: he funded Hulk Hogan's lawsuit against Gawker, because Gawker outed him as gay (which was legal).
0 hrs of work and you get 10 billions dollars 😅😅😮😊 that the dream
Massive amounts of risk and responsibility though hahaha
You mean Peter Thief😂😂😂
lol did you just show a desert when referencing namibia.
Whats your definition of work...
I thought his book was 0 to 1, not 0 to 10billion?
😂
Steve Jobs.
Bro.
It sounds like a lot of work and a lot of risk / stress. "Without ever working" is not really a fair statement.
Basically he got lucky once and then kept on throwing stuff at the wall 🤷🏼♂️ 10 bill on paper too
Lemme Guess , By being smart and very lucky ??
Of course
This video is Very Inaccurate he was one of the PayPal founders and work his ass of to build the PayPal one of the first online global payment. For 5-7 years. He started investing after he sold PayPal like Sam Altman.
By replacing one letter with another.
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
Ok, so venture capitalists have no job 😅
I don't know why but Peter looks like a rude guy.
Just the look, Germans in general look rude even the languages sounds so... but nicest people! haha
@@zealousprogrammer4539
Du hast recht, mein Freund
Es lebe die Welt
How is it possible that people get Jobs Like derivates trader, when his area was law or philosophy? Or how can he study law when he studied Philosophy?
You can study anything you want before applying to law school. Most people just do business or liberal arts undergrad, so that’s kind of the norm actually. And regarding becoming a derivatives trader, I think a Stanford law degree does all the talking there. If you’re smart enough to make Stanford twice and earn a law degree, you should theoretically be smart enough to learn derivatives trading.
@@LogicallyAnswered ok thx. So You could just do an easy undergrad and law postgrad instead of a hard law undergrad and law postgrad? But peoples like him would have to learn derivates from the beginning while working Like an apprentice?
The uncomfortable truth is that getting a job like that mostly takes raw IQ and a bit of discoverability and these carry much more weight than what specific major or degree one earns. In fact, some of the most heavily recruited candidates are theoretical physics students.
It is idiotic to say that he did not work.
All I can see is the obsession to randomly repeat nonsense that someone was not working.
Like not working is something good, which is not.
This is so silly. I don’t even need to watch the video to know that the title is misleading. What do you mean by “not working”?
Because he’s not picking up a shovel and digging a hole? I don’t understand.
Clickbait
Early as every Day!!
Thank you as always Choqao!
he’s a fed huh
good summary video but how did you ever come to the conclusion that this man "never worked" ? you basically described how he worked his ass off his entire life. stupid clickbait title
do you have indian connection??
Another clickbait title. Sigh.
1 word, 3 letters
Q. How Peter Thiel Made $10 Billion Without Ever Working?
Ans. by scamming investors and people
All those jobs and he never worked in his life.
He should be everyone's role model results-wise.
clickbait title
Without Ever Working?
Yeah so didn't work, but worked his ass off to make the impossible possible.