MENLO PARK, CALIFORNIA, Tuesday: Tech billionaire and NZ citizen Peter Thiel will step down from the board of Meta, the parent company of Facebook, after 17 years, according to a report in NZ online title BusinessDesk.
“German-born American Thiel made his initial fortune in Silicon Valley first as co-founder of both PayPal and software firm Palantir. Forbes estimates his net worth at US$ 2.6 billion BusinessDesk reporter Henry Burrell wrote.
“Thiel is stepping down to concentrate on influencing the upcoming November midterm elections in the US, backing candidates who support Trump’s agenda.
“Thiel has been seeking permission to build a luxury lodge overlooking Lake Wānaka, a project not yet approved.”
“Media also reported NZ entrepreneurs Sam Morgan and Rod Drury had contributed to Thiel’s application.
“In recent times, Thiel has been seeking permission to build a luxury lodge overlooking Lake Wānaka, a project not yet approved.
“Thiel has donated large sums to the Republican Party, notably to Donald Trump’s 2016 campaign.”
- Full BusinessDesk story (with a sub) here
- BusinessDesk subs here: info@businessdesk.co.nz
Share this Post
The post Trump backer exits Facebook appeared first on M+AD!.