Billionaire Thiel Deepens JD Vance Bet With $3.5 Million After Trump Backing
- Contribution to Super PAC adds to $10 million he gave in 2021
- Trump endorsed Vance over three other candidates vying for it
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Billionaire entrepreneur Peter Thiel poured another $3.5 million into a Super Political Action Committee backing venture capitalist JD Vance, after Vance secured the endorsement of former president Donald Trump in Ohio’s crowded and contentious May 3 Republican primary for a U.S. Senate seat.
Thiel’s latest contribution to Protect Ohio Values comes after he donated $10 million last year, according to a person familiar, who asked not to be named discussing private matters. The organization had spent all but $289,000 of its funds through March 31, Federal Election Commission filings show. Thiel’s most recent contribution was first reported by Politico.