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Why on earth is Silicon Valley's fastest-rising venture capitalist moving to New York? In the Valley,
Peter Thiel is best known for his prescient investment in Facebook. His $500,000 grubstake is now worth $750 million on paper. And his
Founders Fund may well revolutionize the venture-capital industry. But in real cash money, Thiel has made far more from
Clarium Capital, the hedge fund he's operated since selling PayPal to eBay in 2002.
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