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Peter Thiel, 55, was born in Germany but his family came to the US when he was one year old. He moved to Foster City, California, when he was in fifth grade. Stephanie Keith/Getty Images

Facing heat for his investment fund’s role in triggering the run on the Silicon Valley Bank last week, billionaire Peter Thiel told the Financial Times that he had $50m of his own money “stuck ...

01:14. Venture capitalist Peter Thiel left $50 million of his own cash in doomed Silicon Valley Bank — even though his company had raised the loudest alarm leading to its panicked shutdown a ...

Thiel Had $50M of Personal Money Stuck in SVB As a result, the regulators shut down the bank on March 10, making SVB the second-largest bank failure in U.S. history, after Washington Mutual in 2008.

Who is Peter Thiel, the tech billionaire trying to push the U.S. to the right? He founded PayPal and helped fund Facebook. Now he’s focusing on electing right-wing politicians.

Peter Thiel was a cofounder of PayPal. Peter Thiel's Founders Fund withdrew all its funds from Silicon Valley Bank, Bloomberg reported. His VC fund took action after encountering problems with ...