Silicon Valley heavyweight Peter Thiel will give $1.25 million as his first donation in support of Donald Trump’s campaign after endorsing the U.S. Republican presidential candidate earlier this year, a spokesman for the investor said on Sunday.
His huge donation will be made through a combination of political action committee donations and money directly to the campaign.
So far, billionaire Thiel has been the most prominent supporter of Trump from the country’s technology hub.
Billionaire venture capitalist Peter Thiel will donate $1.25 million in support of Donald Trump’s campaign
The New York Times first reported news of Thiel’s donation.
A co-founder of PayPal and an early investor in Facebook Inc who sits on that company’s board of directors, Thiel offered a full endorsement of Trump while speaking at the Republic National Convention in July.
Thiel has not made any donations to the campaign of Trump’s opponent in the November 8 election, Democratic candidate Hillary Clinton, the spokesman said.
A critic of the Obama regime, he told this year’s Republican convention, while voicing his support for Trump, that the US has fallen behind on tech innovation.
He said: ‘Today our government is broken. Our nuclear bases still use floppy disks. Our newest fighter jets can’t even fly in the rain.
Trump’s campaign has been hit by allegations the New York billionaire sexually accosted several women over the past three decades
‘And it would be kind to say the government’s software works poorly, because much of the time it doesn’t even work at all.’
He revealed earlier this year that he had funded Hulk Hogan’s defamation lawsuit against Gawker, describing it as ‘one of my greater philanthropic things that I’ve done’.
In 2007 the magazine outed Thiel as gay, and he said the magazine had ‘ruined people’s lives for no reason’.
With roughly three weeks to Election Day, Republican strategists nationwide publicly concede Clinton has a firm grip on the 270 Electoral College votes needed to win the White House – and may be on her way to an even more decisive victory over Trump.
Thiel revealed earlier this year that he had funded Hulk Hogan’s defamation lawsuit against Gawker, describing it as ‘one of my greater philanthropic things that I’ve done’
‘He is on track to totally and completely melting down,’ said Republican pollster Whit Ayres, who is advising Florida Sen. Marco Rubio’s re-election campaign.
Like many Republican strategists, he was willing to speak publicly about the GOP nominee’s rough road ahead at the end of an unprecedented campaign.
In the past week, Trump’s campaign has been hit by allegations the New York billionaire sexually accosted several women over the past three decades.
Things can change before Election Day. There is one more presidential debate, and Trump has rallied before. His core supporters remain strongly committed.
But along with indicators such as polling, campaign travel, staffing and advertising, the interviews with Republican political professionals unaffiliated with the Trump campaign suggest only an epic collapse by Clinton would keep her from winning enough states to become president.