Donald Trump, Peter Thiel’s (Other) Choice for President
The billionaire gave more money to Carly Fiorina’s failed presidential bid, but his donation to Trump is far more controversial.
Peter Thiel.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Peter Thiel, co-founder of PayPal and Palantir Technologies Inc., is a well-known Donald Trump supporter. He signed on as a delegate and endorsed the presidential candidate in a speech at the Republican National Convention. He's also planning to donate $1.25 million to Trump's campaign, according to a person familiar with the matter.
What's less known is why Thiel has waited so long to donate to Trump and why he gave less than he did to Carly Fiorina’s presidential campaign last year. Thiel was probably asked to give money, and Trump wasn't his first—or, perhaps, even his second—choice, political experts say.