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PayPal co-founder and billionaire venture capitalist Peter Thiel is contributing $10 million of his own money into a super PAC that would support a potential GOP Senate run in Ohio by fellow venture capitalist J.D. Vance, the author of the best-selling memoir "Hillbilly Elegy.”
The move by Thiel comes as sources close to Vance tell Fox News that all signs point to him launching a Senate run in the 2022 race to succeed retiring Republican Sen. Rob Portman.
GOP SENATE RACE FOR OHIO'S OPEN SEAT ABOUT TO GET MORE CROWDED
A spokesman for the super PAC Protect Ohio Values confirmed Thiel's contribution, as well as a “significant” donation from the conservative mega donor Mercer family. The group describes itself as a “network of grassroots conservatives” who are encouraging Vance to launch a Senate campaign. Thiel’s contribution was first reported Monday by the Cincinnati Enquirer.