The Economic Times

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.