Billionaire Peter Thiel: ‘Single-digit millionaires’ have it so hard


Peter Thiel is fighting for the little guy, the everyday people who maybe only have a few million in the bank and therefore aren’t entitled to their day in court.

That’s the reasoning Thiel gave during a question-and-answer session with the National Press Club on Monday.

When asked about the lawsuit he funded against Gawker, which bankrupted the company and forced founder Nick Denton to put it up for sale, Thiel argued that the case was justified because Gawker did not practice journalism and often bullied people.

He then said that he felt it reasonable to fund Hulk Hogan’s lawsuit against Gawker because the former professional wrestler was only a “single-digit millionaire.” Read more…

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