Peter Thiel, the conservative Silicon Valley billionaire, has been secretly funding a lawsuit brought by Hulk Hogan against Gawker Media, F...
Silicon Valley Billionaire Peter Thiel Named as Secret Funder of Hulk Hogan Lawsuit Against Gawker
Citing “people familiar with the situation,” Forbes wrote:
“Peter Thiel, a PayPal cofounder and one of the earliest backers of Facebook has been secretly covering the expenses for Hulk Hogan‘s lawsuits against online news organization Gawker Media. According to people familiar with the situation who agreed to speak on condition of anonymity, Thiel, a cofounder and partner at Founders Fund, has played a lead role in bankrolling the cases Terry Bollea, a.k.a. Hogan, brought against New York-based Gawker. Hogan is being represented by Charles Harder, a prominent Los Angeles-based lawyer.”
Hogan won a stunning $140 million verdict against Nick Denton, the owner of Gawker, in a defamation lawsuit earlier this year. The former wrestler stubbornly declined to settle the case despite multiple attempts to do so by Denton.
Also Read: Hulk Hogan Says $140 Million Gawker Verdict 'Wasn't Strong Enough'
Thiel declined to comment to Forbes on the report.
Thiel is known as an Ayn Rand-style libertarian who funds young people to skip college and embrace entrepreneurship.
He has expressed venom toward Denton properties before. Gawker attempted to out Thiel, who is gay, in 2007 before he came out. In 2009, Thiel was quoted as saying, “Valleywag is the Silicon Valley equivalent of Al Qaeda.”