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
