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Fortune
Fortune
Jessica Mathews

Why Peter Thiel won’t fund any of the 2024 presidential candidates

man in suit jacket (Credit: Stephanie Keith—Getty Images)

Peter Thiel, cofounder of PayPal and venture capital firm Founders Fund, has branded himself as a Republican megadonor over the last decade.

He was a major donor to former President Donald Trump’s first presidential campaign in 2016 (and was appointed to Trump’s transition committee that same year). And last year, Thiel made $35.4 million in federal contributions—all to Republicans, according to OpenSecrets, making him among one of the 10 largest donors of 2022.

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