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thiel-peter-50m-march-2023-in60.jpg Mar 17

Peter Thiel Had $50 Million In A Personal Account At SVB When It Collapsed

  • Thiel has been widely accused of adding momentum to the bank run that triggered Silicon Valley Bank's implosion: one day before the bank's failure, Thiel's venture firm, advised all clients to pull their deposits out.
  • Despite advising clients to pull their cash from Silicon Valley Bank last week, billionaire tech mogul Peter Thiel said he had a large sum of his own money tied up in the doomed bank when it collapsed on Friday.