Tech billionaire Peter Thiel may ditch Trump because he thinks Trump will lose

Peter Thiel Visits “FOX & Friends”

Photo by John Lamparski/Getty Images

Billionaire Peter Thiel, the most famous Trump supporter in tech, is distancing himself from the president’s reelection campaign. Thiel fears President Donald Trump will lose the race, according to a report from The Wall Street Journal. Thiel soured on Trump after COVID-19 left tens of millions of Americans unemployed; the billionaire believes that there will be a profound recession when November rolls around, making Trump vulnerable to challenge.

Thiel was a vocal supporter of the president in 2016, speaking at the Republican National Convention in 2016 and donating $1.25 million that year to his campaign and other adjacent political groups and causes. Thiel, who earned his fortune co-founding PayPal before becoming one of the earliest…

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July 3, 2020
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