Categories: NewsNews Feed

PayPal’s Peter Thiel Bankrolled Hulk Hogan’s Case Against Gawker – Reports

Peter Thiel, the Silicon Valley billionaire who co-founded PayPal, has reportedly been bankrolling former wrestler Hulk Hogan’s lawsuits against Gawker Media.

Peter Thiel, Hulk Hogan & Gawker

Thiel has allegedly been discretely footing the bill for Hogan’s lawsuits against Gawker, reported Forbes and The New York Times.

Thiel, a cofounder and partner at Founders Fund and an early backer of Facebook, has been footing the costs of Hogan’s ongoing cases, and has likely paid for prominent Los Angeles lawyer Charles Harder to represent the former WWE wrestler. Hogan won the case against Gawker Media and its founder Nick Denton in March to the tune of $140 million.

There have long been rumors that a wealthy individual was helping Hogan out, and Denton admitted that he agreed with the rumors, claiming that he had a “personal hunch” that it was a wealthy individual in Silicon Valley. In fact, Denton claimed that it would be a smart thing to do, particularly for someone wanting to draw attention away from their own scandal.

“If you’re a billionaire and you don’t like the coverage of you, and you don’t particularly want to embroil yourself any further in a public scandal, it’s a pretty smart, rational thing to fund other legal cases,” he told the Times.

Gawker has made a habit of going after Silicon Valley names, including Thiel. Back in 2007, Gawker published a report that outed Thiel as gay. Thiel, in turn, compared websites like Gawker to Al Qaeda and their reports “psychological terrorism.”

Thiel has yet to comment on the reports.

Error happened.
Chelsea Regan

Recent Posts

Coachella 2025 Lineup By Day & Genre – How To Get Your Tickets Now

Coachella 2025 will take place at the Empire Polo Club in Indio, California, over the…

10 hours ago

U.S. Pardon Attorney Fired By Trump Administration After Refusing To Restore Mel Gibson’s Gun Rights

Oyer’s spokesperson shared in a statement that Oyer had not been told the reason for…

10 hours ago

‘Real Housewives’ Star Brandi Glanville Says Her Worsening Facial Disfigurement Due To ‘Face Parasites’ Is Getting A Lot Worse

Glanville had described the sensation as “tiny bubbles bursting” beneath her skin, and she feels…

11 hours ago

Elon Musk’s Transgender Daughter, Vivian, Slams His Use Of Sex-Selective IVFs For His Kids

One of five children that Musk shares with his ex-wife Justine Mark, Wilson came out…

12 hours ago

EXCLUSIVE VIDEO: Virginia Gardner Shares Her Favorite Scene With Lucy Hale In ‘F- Marry Kill’

F*** Marry Kill was released on March 7 and can be watched on Amazon Video…

15 hours ago

Scott Peterson, Convicted Of Murdering Pregnant Wife, Beaten In Prison Over A Pickleball Game

In 2004, Peterson was convicted of killing his 8-months-pregnant wife Laci on Christmas Eve, two…

16 hours ago