Peter Thiel&#39;s Richer Than You, But Not as Rich as He&#39;d
Like You to ThinkS  It's one of many casually accepted,
unchecked assumptions in Silicon Valley: Peter Thiel, the
cofounder of PayPal and Facebook investor, is a billionaire,
right? Leaked documents from his hedge fund, Clarium Capital,
show he's not.  Thiel, according to a 2006 Bloomberg profile,
has invested his entire liquid net worth in Clarium. That's not
quite technically true: Thiel has actually invested his money in
a separate account managed by Clarium according to the same
strategy his firm uses for outside investors. (Clarium has two
other such separately managed accounts, but they are small in
value.)  These matters are disclosed to the investors Clarium
courts. One forwarded a copy of Clarium's marketing materials to
Valleywag. Figuring out Thiel's holdings is a simple matter of
subtraction.   Clarium LP, the name of Clarium's main fund, had
$1.7 billion in assets under management as of March. The firm's
"strategy assets" — total asse