Peter Thiel's Personal Fortune Stuck in Silicon Valley Bank Collapse
TL;DR Summary
Despite advising his clients to pull their cash from Silicon Valley Bank last week, billionaire tech mogul Peter Thiel said he had $50 million of his own money tied up in the doomed bank when it collapsed on Friday. Thiel has been widely accused of adding momentum to the bank run that triggered Silicon Valley Bank's implosion. However, Thiel told the Financial Times that he did not believe the SVB would fail last week. On Sunday, the US government announced that all depositors of SVB would be able to access their money.
- Peter Thiel said he had $50 million in a personal account at Silicon Valley Bank when it collapsed, despite telling his portfolio companies to pull their money Yahoo Finance
- Peter Thiel: I Had $50 Million Stuck During Silicon Valley Bank Run The Daily Beast
- Peter Thiel is swearing he kept $50 million of his personal fortune at SVB while his Founders Fund bailed on the bank Fortune
- SVB's collapse exposes the huge carry trade problem Financial Times
- Peter Thiel had $50mn in Silicon Valley Bank when it went under Financial Times
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