April 24, 2024

Existinglaw

Law for politics

Peter Thiel’s midterm bet: the billionaire seeking to disrupt America’s democracy

Peter Thiel’s midterm bet: the billionaire seeking to disrupt America’s democracy

Peter Thiel has poured close to $30m into this year’s midterm elections. Credit: Marco Bello/Getty

Peter Thiel is much from the to start with billionaire who has wielded his fortune to test to affect the program of American politics. But in an election 12 months when democracy by itself is mentioned to be on the ballot, he stands out for assailing a longstanding governing system that he has described as “deranged” and in urgent want of “course correction”.

The German-born investor and tech entrepreneur, a Silicon Valley “disrupter” who aided uncovered PayPal together with Elon Musk and created his fortune as one of the earliest buyers in Facebook, has catapulted himself into the prime ranks of the mega-donor course by pouring close to $30m into this year’s midterm elections.

He’s not simply favoring just one get together above an additional, but is supporting candidates who deny the legitimacy of Joe Biden’s election as president and have, in their unique ways, called for the pillars of the American establishment to be toppled entirely.

Thiel’s priorities this midterm cycle have […]