NET WORTH: $2.1 billionAGE: 52RESIDENCE: HollywoodSOURCE OF WEALTH: Technology, private equity, investmentsLAST YEAR: $2.7 billionCHANGE: -22%THE MONEY: Peter Thiel, who co-founded Palantir Technologies Inc. in 2003, has positioned the secretive and sometimes controversial data analytics company for a potentially lucrative initial public offering in September. Palantir was recently valued at $9 billion. Thiel was the first outside investor in Facebook Inc., taking a $500,000 stake in exchange for 10% of the company, but SEC filings suggest he has since divested nearly all of his stock in the company. Thiel also co-founded Pay Pal Holdings Inc. and was an early investor in LinkedIn, Yelp, Zynga and Space Exploration Technologies Corp. THE BUZZ: Thiel, a former derivatives trader and attorney, moved to L.A. from Silicon Valley in 2018. He’s a rare conservative voice in the tech sector and served on President Donald Trump’s transition team, helping vet administration appointments. Palantir has since worked with federal immigration agencies and received one of the biggest government contracts issued to a Silicon Valley company to fight Covid-19.