Billionaire Trump-Backer Peter Thiel Seeks Malta Citizenship, Report Says

[Gunnar Larson]

https://www.forbes.com/sites/brianbushard/2022/10/15/billionaire-trump-backer-peter-thiel-seeks-malta-citizenship-report-says/


Billionaire venture capitalist, PayPal cofounder and major MAGA Republican
donor Peter Thiel
<https://www.forbes.com/profile/peter-thiel/?sh=2be0ae06533a> is seeking
citizenship in the Mediterranean island nation of Malta, according to a *New
York Times* report, although his intentions behind the citizenship are not
yet clear.

Although a Malta citizenship would not provide Thiel with a significant tax
benefit
<https://www.nytimes.com/2022/10/15/technology/peter-thiel-malta-citizenship.html>,
the *New York Times* reported, it could provide him a multi-million-dollar
compound and an escape from the U.S.—he has expressed extreme
dissatisfaction with the direction the country is headed, increasingly
funneling his multibillion-dollar net worth into pro-MAGA candidates.

Thiel, a self-described conservative libertarian who co-founded Palantir
Technologies and PayPal and served on Facebook’s board of directors until
February, has poured
<https://www.theguardian.com/technology/2022/oct/15/peter-thiel-who-is-he-republican-donor-tech-entrepreneur>
roughly
$30 million into GOP campaigns ahead of the November midterm elections,
Politico reported. Candidates he’s funded include fellow venture
capitalists Blake Masters, who is running for a seat in Arizona, and J.D.
Vance, in Ohio—both were endorsed by former President Donald Trump.
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