Tech billionaire and Republican megadonor Peter Thiel has reportedly told associates he is not planning to donate to any political candidates in 2024.
. He has contributed around $50 million to state and federal political candidates and campaigns since 2000, and he was the 10th largest individual donor to either party in the 2022 midterm congressional elections, according to the nonprofit OpenSecrets.
Several top donors have said they are hesitant to support Florida Governor Ron DeSantis, who is expected to announce a run for the White House soon, after he signed a bill into law that bans most abortions after six weeks in Florida. None said they intended to sit out the entire 2024 election cycle as a consequence., and in 2016 he donated some $1.25 million to the campaign efforts of Trump, who is the frontrunner for the 2024 Republican nomination.
In the 2022 election cycle, however, Thiel emerged as a potential Republican kingmaker, contributing more than $35 million to 16 federal-level Republican candidates, according to OpenSecrets. Twelve of those candidates won.
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