Peter Thiel, Republican Megadonor, Won't Fund 2024 Candidates: Sources

Peter Thiel, a tech billionaire and Republican megadonor, has reportedly told associates that he will not donate to any political candidates in 2024 due to his dissatisfaction with the Republican Party's focus on cultural issues such as abortion and transgender rights. Thiel believes the party should prioritize spurring U.S. innovation and competing with China. Thiel's decision highlights how the Republican Party's swing to the right on social issues is alienating some prominent, business-minded donors. Thiel has contributed around $50 million to state and federal political candidates and campaigns since 2000.