Gay billionaire Peter Thiel reportedly thinks President Trump can’t win re-election and is distancing himself from the campaign, multiple media outlets reported this weekend.
Thiel thinks Trump’s campaign is doomed because the economy will remain in a major recession this fall with double-digit unemployment, according to the reports.
Thiel, the co-founder of PayPal, is reportedly shifting his political donations to House and Senate races and won’t donate to Trump’s re-election effort.
Thiel spoke at the 2016 Republican National Convention, memorably announcing “I am proud to be gay, I am proud to be a Republican.”
He hasn’t commented publicly on the reports and the Trump campaign issued a statement that Thiel remains a supporter of the president.