Peter Thiel didn't make his money from PayPal fees. He first made some money when he sold PayPal to eBay. Then, him and the other founders set up a venture capital fund which made another few tons of cash on their internet investments. Most recently, he had an early $500,000 invested in FaceBook that is now worth one billion dollars.
I don't think he has anything to do with PayPal anymore.
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