IPFS News Link • Politics: Republican Campaigns

Billionaire Peter Thiel Gives Another $1.7 Million to 'Endorse Liberty' Super PAC

02-20-2012 • Laurie Bennett, Contributor

Billionaire Peter Thiel has poured $1.7 million more into a super PAC supporting presidential candidate Ron Paul, bringing his total contributions to $2.6 million.

Reports filed with the Federal Election Commission today show that Thiel, a Silicon Valley investor, made the additional contributions to the Endorse Liberty PAC in the first half of January.

Thiel, a libertarian, is the single largest donor to the PAC.

With an estimated wealth of $1.5 billion, Thiel was a co-founder of PayPal and an early investor in Facebook, LinkedIn and Zynga. He started the hedge fund Clarium Capital in 2005.

PayPal co-founders Luke Nosek and Scott Banister also have donated to Paul’s super PAC, although in much smaller amounts. Banister gave $50,000 in December. Nosek gave $10,001 in January.