The Atlantic. In it, the gay entrepreneur explains why he believes donating millions of dollars to Donald Trump was “wrong”.He also says that despite his record of backing far-right Republicans, he won’t be doing so again in the run-up to the 2024 election.Thiel was one of the co-founders of PayPal, which made him a fortune when he sold it to eBay in 2002. He was also a very early investor in Facebook, buying a 10% slice of the company when it was just starting.