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

Billionaire co-founder of Founders Fund also incorporated a company in Florida

Miami /
Jan.January 22, 2021 03:30 PM
Peter Thiel with 445 to 441 East Rivo Alto Drive (Getty)

Peter Thiel with 445 to 441 East Rivo Alto Drive (Getty)

PayPal co-founder Peter Thiel was revealed as the buyer of two waterfront 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 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.

Dora Puig of Luxe Living Realty was the listing agent in the latest deal, and Douglas Kinsley of Fortune International Realty represented the buyer.

Thiel is one of the biggest tech names to plunk down cash for a waterfront Miami Beach home in recent months, as more venture capital and tech executives move to South Florida. In December, Keith Rabois, a member of the “PayPal Mafia” and a general partner at Founders Fund, paid nearly $29 million for a mansion, also on the Venetian Islands.

In October, Jon Oringer, the billionaire businessman who founded the stock media company Shutterstock, paid $42 million for a waterfront mansion on North Bay Road.






    Related Articles

    arrow_forward_ios
    Marc Gardner with his new Miami waterfront house. (Bancard, One Sotheby's)
    Putting it on a credit card? North American Bancard CEO buying Miami Beach mansion for $37M: sources
    Putting it on a credit card? North American Bancard CEO buying Miami Beach mansion for $37M: sources
    Steven and Farrel Starker with 114 West San Marino Drive, Miami Beach (Getty, Google Maps)
    Investment banker buys waterfront Venetian Islands teardown for nearly $10M
    Investment banker buys waterfront Venetian Islands teardown for nearly $10M
    A rendering of the Byron Carlyle Cultural Center, Jared Galbut and Keith Menin (Miami Beach City Commission, Google Maps)
    It’s curtains for Galbut family-led proposal to redevelop Byron Carlyle Theater
    It’s curtains for Galbut family-led proposal to redevelop Byron Carlyle Theater
    James Star and The Caribbean at 3737 Collins Avenue in Miami Beach (Photos via Google Maps; Chewy)
    Finance mogul linked to Crown family buys Miami Beach penthouse and cabana for $13M
    Finance mogul linked to Crown family buys Miami Beach penthouse and cabana for $13M
     Matthew Whitman Lazenby with 7825 Atlantic Way (Blue Ocean Photography, iStock)
    Bal Harbour Shops owner upgrades to oceanfront estate in Miami Beach
    Bal Harbour Shops owner upgrades to oceanfront estate in Miami Beach
    46 Star Island Drive (Google Maps)
    Iacovelli finds a buyer for his Star Island mansion once asking $65M
    Iacovelli finds a buyer for his Star Island mansion once asking $65M
    Westime owner Jean Simonian and Washington Park Hotel. (Facebook via Westime and Washington Park Hotel)
    Ladder Capital sells Witkoff’s Miami Beach hotel for $44M
    Ladder Capital sells Witkoff’s Miami Beach hotel for $44M
    Don Peebles and the Bath Club (Getty, Peebles Corp.)
    Judge slaps Don Peebles’ Bath Club Entertainment with $1M in sanctions
    Judge slaps Don Peebles’ Bath Club Entertainment with $1M in sanctions
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...