According to a report by “Business Insider” withheld political donations for next year’s upcoming elections. This could be seen as a sign of his disappointment after he donated millions to candidates in the past, including former President Donald Trump.
Thiel has no plans to donate to Republicans
As Business Insider reported, Thiel told the Atlantic magazine that he has no plans to give money to Republican politicians in the run-up to the next election, despite playing a significant role during the last election cycle. “There’s always a chance I’ll change my mind. But by talking to you, it’s hard for me to change my mind,” Thiel revealed to the Atlantic.
Thiel has previously spent over $30 million on the US Senate campaigns of Blake Masters in Arizona and JD Vance in Ohio alone. Masters, a protégé of Thiel, failed to oust Democrat Sen. Mark Kelly. Vance won an open seat after Trump’s support helped him win the primary.
Thiel raises concerns about Trump administration
But despite his support for Trump, journalist Barton Gellman describes Thiel as a mix of resignation and nihilism after watching Trump’s presidency unfold. “There are a lot of things I did wrong,” Thiel said. To him, the Trump administration seemed “more dangerous than I thought. They couldn’t make the most basic parts of the government work. This part was perhaps even worse than my lowest expectations.”
However, Thiel does not regret his support for Trump and makes it clear that he does not believe Trump’s frequently repeated and long since debunked claims that the 2020 presidential election was stolen from him through massive voter fraud: “Look, I don’t think the election was stolen. “
Thiel criticizes Trump’s attempt to overturn election results
He concluded by commenting on Trump’s efforts to later overturn the results and thwart the certification of Biden’s victory: “I agree with you that it wasn’t helpful.”
Peter Thiel, better known as co-founder of PayPal and a member of Trump’s transition team, even resigned from Meta’s board in order to support more candidates who aligned with Trump. But now he seems to be struggling with his disappointment.