Thiel Fuels New NASCAR Magazine

Add another line to Peter Thiel’s resume – publishing magnate.

The co-founder and former chairman and CEO of PayPal Inc. is fueling a startup magazine, American Thunder, which aims to be the journal for the diehard NASCAR fan.

Thiel, through his new hedge fund firm, Clarium Capital Management in San Francisco, has financed the magazine – the fund’s first publishing venture. The new slick is planning a starting circulation of 100,000 and is expected to begin publishing this month.

Ever since Thiel sold PayPal to eBay Inc. for some $1.5 billion in stock in 2002, his name has cropped up a few times within investment circles.

Just last month, the one-time securities lawyer resurfaced as a hedge fund manager at Clarium.

And in September, Thiel, Yahoo Inc.’s former CEO Tim Koogle, and Google Inc. board member Ram Shriram collectively invested $1 million in Sunnyavle, Calif.-based Friendster.com