Billionaire tech investor Peter Thiel, whose Founder’s Fund invested in Bitcoin payment’s startup BitPay, recently gave $1.25 million to Republican candidate for President, Donald Trump, “through a combination of super PAC donations and funds given directly to the campaign.”
As the New Yorker Magazine writes,
Thiel’s willingness to show some seven-figure support for Trump at this late stage might signal that Thiel wants to stay in Trump’s circle even after the polls close and the votes are tallied. Widespread speculation holds that Trump (possibly with the help of his son-in-law Jared Kushner and Roger Ailes) is looking into launching a cable channel following the election.
The respected billionaire technologist, who attends meetings featuring main players in politics and business, has long been a proponent of right-wing politics.
An early investor in Facebook and PayPal, Thiel’s Founder’s Fund led a capital raise of $2 million into BitPay in 2013. A C-Level executive at BitPay later sent a similar amount to a hacker who was phishing for the bitcoins. Thiel also helped found Palantir Technologies, which builds software that connects data, technologies, humans and environments.