(Photo: Wikimedia)

Back in May, when the Facebook IPO still seemed the like largest driver of wealth creation this side of the Gold Rush, Peter Thiel opted to sell only half his position in the social network, restricted somewhat by a lockup agreement requiring early shareholders to hold on to some of their stock.

However, financial documents filed today with the Security and Exchange Commission show that Mr. Thiel rushed to sell "nearly all" of his shares once the lockup expired by last Thursday, netting $395.8 million last week. That's in addition to the $638 million he made in May selling 16.8 million shares during the IPO, which brings Mr. Thiel's total earnings to more than $1 billion and counting.

Not bad for a $500,000 investment made in 2004, especially considering public shareholders have watched the stock's value drop almost 50 percent from the misguided IPO price of $38 per share.

Forbes reports that the Founders Fund futurist unloaded almost 20.1 million shares last week at an average price of $19.73 a share. Mr. Thiel was expected to sell some portion of his shares after he converted his remaining Class B shares, which amounted to more than 9 million, into Class A shares earlier this month. (While Class B shares have 10 times the voting power, only Class A shares can be publicly traded.) After that conversion, Mr. Thiel held 23.6 million Class A shares.

The Wall Street Journal says Mr. Thiel is still holding on to 5.6 million total Facebook shares, worth roughly $112 million based on a slight uptick before the market's closed today.

Another federal disclosure released today offers some clue as to where the capital "L" Libertarian will be spending his earnings. Politico reports that Mr. Thiel recently donated $1 million to Club for Growth Action, a super PAC aligned with the Tea Party. Mr. Thiel previously made a name for himself in political circles by "almost single-handedly" funding Ron Paul's super PAC, Endorse Liberty, before the fringe presidential candidate dropped out of the race.

Seasteaders and Singularitarians, start your pitching engines.