Peter Thiel sells most of remaining Facebook stake

Venture capitalist Peter Thiel, Facebook Inc's first institutional investor, has sold three-quarters of his remaining stake in the social network, according to a regulatory filing on Tuesday.

Thiel, who is a member of Facebook's board, now owns 59,913 Class A shares in the company after selling 160,805 shares for about $29 million.

Thiel sold roughly 20 million of his 26 million Facebook shares for $400 million following its stock market listing in 2012.

Thiel, who is a member of Facebook's board, now owns 59,913 Class A shares in the company after selling 160,805 shares for about $29 million.

Thiel, who is a member of Facebook's board, now owns 59,913 Class A shares in the company after selling 160,805 shares for about $29 million.

Facebook shares have surged 58 percent this year through Tuesday, adding $25 billion to Thiel's fortune and making him the world’s fourth-richest person with $74.9 billion. 

Thiel has a net worth of $3.2 billion, including a stake in data analytics company Palantir Technologies Inc., according to the.

Last month he got hitched in Vienna, Austria to his longtime boyfriend.

The billionaire

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