Thiel Pledges $1.2 Billion of Palantir Shares for Personal Debt

Palantir Technologies Inc. co-founder Peter Thiel has pledged more than $1 billion worth of stock he holds in the data-analysis software company as collateral for personal debt agreements, according to a recent filing.

Thiel’s pledge of roughly 10.6 million shares represents more than a tenth of his stake in the Denver-based company and is valued at about $1.2 billion, based on Monday’s closing price.

Peter Thiel

Photographer: Eva Marie Uzcategui/Bloomberg

Thiel’s holding of 100 million Palantir shares makes up about half his $19.1 billion fortune, according to the Bloomberg Billionaires Index, which deducts the pledged stock from his net worth calculation. He also ...