Mr Thiel, who is also a hedge fund founder, had his own problems with Gawker when in 2007 it published an article headlined: “Peter Thiel is totally gay, people.”
At the time Mr Thiel was not publicly discussing his sexuality, but has since said he is gay.
US lawsuits funded by third parties are not unusual, but in most cases they are financial investments where backers seek proceeds from a large damages award.
Gawker is appealing the ruling and both side’s lawyers are due in court in Florida today for further legal discussions.
Mr Thiel’s spokesman said he was not currently commenting.
