![]() He added that "even someone like Terry Bollea, who is a millionaire and famous and a successful person, didn't quite have the resources to do this alone. They usually attack less prominent, far less wealthy people that simply can't defend themselves," Thiel told the Times. Thiel then bankrolled a privacy lawsuit brought by Hulk Hogan, a 6’7, 300-pound wrestler named Terry Bollea after Gawker published a 40-second video of Hogan having sex with the wife of a. Most of the people they attack are not people in my category. ![]() Since then, he has been plotting a secret campaign against Gawker as felt it was "worth fighting back." Thiel, the Times reports, has been secretly funding various lawsuits against Gawker for several years aimed at crippling the media company's finances. Thiel says those stories "ruined people's lives for no reason." In 2007, Gawker released an article, "Peter Thiel is totally gay, people," that outed Thiel and followed up with a series of articles that delved into his and his friend's private lives. UPDATED, March 21: Terry Bollea (aka Hulk Hogan) has just been awarded another 25M in punitive damages in his invasion of privacy lawsuit against Gawker Media. Read More: Silicon Valley Billionaire Has Been Funding Hulk Hogan's Gawker Lawsuits (Report) On Wednesday, Gawker Media’s founder Nick Denton published a statement that the company’s legal battle with Hulk Hogan over the publishing of an excerpt of a sex tape would be coming to a. The Times reports that Thiel spent as much as $10 million on Hogan's suit over Gawker's publishing of a sex tape, which ended with a Florida court awarding the wrestler and actor $140 million in damages. News and gossip website Gawker fired back Thursday at the Silicon Valley billionaire who admits he bankrolled former pro wrestler Hulk Hogans lawsuit and other legal action. Fresh off his 140 million judgement against Gawker, Hulk Hogan is going back for more with a new lawsuit filed Monday.
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