PETER THIEL
Peter Thiel buys Bel-Air’s Casa Encantada for $130 million, about half its $250 million ask: what this foreclosure deal could mean for luxury home prices in Los Angeles
A mansion once listed at $250 million has sold for $130 million. Billionaire Peter Thiel bought Casa Encantada, a 40,000-square-foot Bel-Air estate, at a foreclosure auction in Pomona in July. The Wall Street Journal first reported the sale. Thiel, who co-founded PayPal, does not plan to live there and will renovate it, a source said. It overlooks Bel-Air Country Club.
Global PE giant L Catterton invests in Glance as AI reshapes shopping
L Catterton, which manages about $40 billion in equity capital, said the deal reflects its research into how AI is reshaping product discovery and purchasing. The firm plans to support Glance’s expansion, particularly in the U.S., drawing on its operating expertise and global network.
Meet Chris Olah, who left university at 18 without a degree, got into Google Brain through his blog posts and went on to co-found Anthropic
Olah co-founded Anthropic. It is the company behind the Claude family of AI models. AI interpretability is also a field that he works on. It aims to understand how artificial intelligence systems process information and arrive at their answers. His journey is very interesting as he left university and then worked at some of the world's leading AI research organisations.
Tech billionaire Peter Thiel bought Bel Air mansion Casa Encantada in Los Angeles for $130 million
Peter Thiel has been revealed as the purchaser of the mansion Casa Encantada, a Bel-Air property which sold for $130 million at a foreclosure auction in July 2026. The 40,000 sq ft house was built in 1938 and sits on a 8.5 acre plot overlooking the Bel-Air Country Club. Thiel intends to renovate the residence as a property investment, rather than as his principal place of residence.
Warren Buffett’s deputy turned $70,000 into $264 million in 29 Years: How Ted Weschler did it
Ted Weschler, Warren Buffett’s deputy at Berkshire Hathaway, grew his retirement account from more than $70,000 in 1989 to $264 million by 2018. His investment journey involved publicly traded securities, careful stock selection, exceptional luck and a Roth IRA conversion that came with a $28 million tax bill.
Google cofounder Sergey Brin bets $102 million to dodge a $13 billion tax bill as California billionaires head for the exit
Sergey Brin has committed $102 million against a proposed one-time tax on California billionaires. This tax could potentially cost him around $13 billion if approved. With significant opposition funding exceeding $187 million, support for the tax stands at about $32 million. Governor Gavin Newsom and other billionaires have joined Brin in the campaign against the tax.
In 2009, an entrepreneur invested $10,000 in a moving business; 13 years later, it generated $26 million in revenue
Brian Slater started New City Moving in 2009 with $10,000 and one used truck. He built slowly, reinvesting what the business earned instead of chasing fast growth. His bigger insight came from customers. A college move could lead to a suburban move, then a family home. Slater built around that journey, while investing in people, service and lasting relationships.
At 19, Issam Darui saw Morocco’s transport problem differently, built Lagare.ma, earned global recognition, and eventually moved into international shipping
Issam Darui grew up in Oujda, surrounded by Morocco’s transport business. His father worked as a trucker, and Darui also accompanied his older brother, a bus driver. That experience shaped his first business idea. In 2014, Darui launched Lagare.ma, an online platform for searching, comparing and buying intercity bus tickets. It later attracted more than 6 million unique visitors and expanded to 10 languages and 25 currencies.
In 2018, sisters invested A$25,000 in Mustard Made; years later, their side hustle became an 8-figure brand with 30+ employees across 3 continents
The sisters got their first real answer at a Sydney trade show. They had put A$25,000 into Mustard Made and were expecting to build slowly. Instead, buyers placed more than A$200,000 in orders over the launch weekend. The response changed their plans almost immediately. What began as a small test suddenly looked like a business that could grow far beyond Australia.
In 2010, an entrepreneur started a beauty side hustle from her apartment with $1,000; 16 years later, Sugared + Bronzed had nearly 50 locations across the US
A $1,000 investment, an apartment and a few pieces of tanning equipment were enough for Courtney Claghorn to test a business idea that would eventually become SUGARED + BRONZED. The problem was familiar to her. Spray tans in Los Angeles could be expensive, while the results were not always consistent. Claghorn thought there was room for a simpler service that customers could rely on.
In 2004, Peter Thiel invested $500,000 in Facebook. 8 years later, his early bet had turned into more than $1 billion
Peter Thiel put $500,000 into Facebook in 2004, when the company was worth about $5 million. It was a small private business then, not the technology giant investors know today. The money first went in as a loan and was later converted into a 10% stake. Eight years later, that early decision had produced more than $1 billion.
Tech elite's new school aims to replace university
The most powerful venture capital firm in Silicon Valley is starting a two-year private school for young people intended to replace college, as some US tech elite question the benefits of a classical university education. This will precede the eventual two-year, paid version of the program, which Biyani said would be similar in cost to an elite private university.
Doomers and boosters: who's who in the AI wars
The furious debate over artificial intelligence has hardened into warring camps -- and a cautious middle. Today, most of the doomers warning against the impact of artificial intelligence come from inside the companies themselves, from academia, or both.
Peter Thiel's 7 timeless rules for spotting winning businesses: Here is what investors must know
Billionaire investor Peter Thiel advocates backing truly unique businesses rather than merely better versions of existing firms. Drawing from his book Zero to One, his 7 core rules emphasize business philosophy, quality valuations, durable competitive moats, niche dominance, independent thinking, continuous reinvestment, and long-term conviction to spot potential multibaggers.
Stock market quote of the day by Peter Thiel | “The most contrarian thing of all is not to oppose the crowd but to think for yourself.”
True contrarian investing isn't about opposing the crowd, but about independent thought rooted in first principles. Genuine contrarians analyze fundamentals, not just market sentiment, to uncover overlooked risks or opportunities. This disciplined approach, demanding intellectual humility and emotional resilience, is crucial for navigating volatile markets and achieving significant wealth creation.
Wealth quote of the day by Peter Thiel, “Brilliant thinking is rare, but courage is in even shorter supply than genius.” From PayPal to Palantir: How Thiel’s theory of making money puts bravery over brains
Wealth quote of the day by Peter Thiel, “Brilliant thinking is rare, but courage is in even shorter supply than genius.” In American finance and technology, Peter Thiel stands apart. Not just for his billions, but for how he made them. His belief is simple and uncomfortable. Ideas matter, but action matters more. Markets reward courage, not comfort. From co-founding PayPal to backing Palantir and Facebook early, Thiel proved that wealth is built by those willing to move first, stand alone, and absorb risk when others hesitate.
Palantir co-founder Peter Thiel and Vice President JD Vance ties explained: See company's expanding reach inside government programs, allegations against it
Palantir co-founder Peter Thiel and Vice President JD Vance ties explained as new concerns rise inside the Trump coalition. The story looks at Vance’s ties with Peter Thiel, the government’s expanding work with Palantir, and the political tensions around data sharing, surveillance fears, and Silicon Valley influence on national decisions.
One way ticket: Either Kamala bubble will burst or Trump voters get demotivated and don't show up, says Peter Thiel
U.S Presidential Elections 2024 are getting closer with every passing day and November 5 is just around the corner when the major geopolitical changes throughout the globe is going to happen and the world is eagerly waiting for that. Similarly, popular billionaire Peter Thiel has his own opinions regarding the U.S Presidential Elections.
Peter Thiel to step down from Meta Platforms board
Peter Thiel, one of the social network's earliest investors, will serve as a director until Meta's annual shareholder meeting but will not to stand for re-election, the social media giant said.
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