Reuters
Published Oct 16, 2016 06:58PM ET
Tech investor Thiel to donate $1.25 million to Trump campaign
By Malathi Nayak
NEW YORK (Reuters) - Silicon Valley heavyweight Peter Thiel will give $1.25 million as his first donation in support of Donald Trump's campaign after endorsing the U.S. Republican presidential candidate earlier this year, a spokesman for the investor said on Sunday.
The donation will be made through a combination of political action committee donations and money directly to the campaign, the spokesman said. So far, billionaire Thiel has been the most prominent supporter of Trump from the country's technology hub.
The New York Times first reported news of Thiel's donation.
A co-founder of PayPal and an early investor in Facebook Inc (NASDAQ:FB) who sits on that company's board of directors, Thiel offered a full endorsement of Trump while speaking at the Republic National Convention in July.
Thiel has not made any donations to the campaign of Trump's opponent in the Nov. 8 election, Democratic candidate Hillary Clinton, the spokesman said.
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.