PayPal co-founder Peter Thiel revealed as buyer of Miami Beach mansions

PayPal co-founder Peter Thiel revealed as buyer of Miami Beach mansions
Peter Thiel with 445 to 441 East Rivo Alto Drive (Getty) via www.therealdeal.com

PayPal co-founder Peter Thiel was revealed as the buyer of two waterfronts adjacent Miami Beach mansions that sold in September for $18 million.

Thiel, the German-American billionaire entrepreneur, and venture capitalist acquired Jacques Nasser’s double-home at 445 to 441 East Rivo Alto Drive on the Venetian Islands. Business Insider first reported the buyer’s identity, which a source confirmed to The Real Deal.

Thiel is a co-founder of San Francisco-based venture capital firm Founders Fund, which has a presence in the Miami area. Thiel incorporated Founders Fund Miami in December, according to state records. He also invested in Facebook and co-founded Palantir Technologies. Forbes pegs his net worth at about $5.9 billion.

Nasser, a Lebanese-American business executive, and philanthropist who led Ford Motor Company as president and CEO put the Miami Beach property up for sale asking for nearly $20 million in July.

The property includes two houses, each with a pool, with a total of nine bedrooms, seven bathrooms, and one half-bath. Nasser paid $5 million for the 0.6-acre property in 2005. The homes were originally built in 1947 and 1956, records show.


Read the full story: www.therealdeal.com 

Zulma Torres

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