GOP Megadonor Peter Thiel Reportedly Not Funding 2024 GOP Candidates

Peter Thiel
  • Tech billionaire and Republican megadonor Peter Thiel, an early backer of former President Donald Trump who later broke with him, has told associates he is not planning to donate to any political candidates in 2024, according to two people close to the businessman.
  • Thiel is unhappy with the Republican Party’s focus on hot-button U.S. cultural issues, said one of the sources, a business associate, citing abortion and restrictions on which bathrooms transgender students can use in schools as two examples.
  • Thiel came to this conclusion by late 2022, the sources said. He believes Republicans are making a mistake in focusing on cultural flashpoints and should be more concerned with spurring U.S. innovation — a major issue for him — and competing with China, the business associate said.