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---
title: Peter Thiel: Silicon Valley Billionaire Will Speak at RNC
description: Peter Thiel is not only the first openly gay speaker at the Republican National Convention since 2000, he&#x27;s one of the richest people there
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author: Will Drabold
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article:published_time: 2016-07-21T14:22:00.000Z
article:modified_time: 2026-04-13T08:50:16.889Z
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![](https://static.time.com/v3/assets/bltea6093859af6183b/bltff2d2bf1f4b2e754/6988955f0a4a220bac9c9da4/160527_inv_thiel.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9)


# Meet the Silicon Valley Billionaire Speaking at the RNC

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by 

[Will Drabold](https://time.com/author/will-drabold/)


## Will Drabold


Jul 21, 2016 2:22 PM UTC

![160527_inv_thiel](https://static.time.com/v3/assets/bltea6093859af6183b/bltff2d2bf1f4b2e754/6988955f0a4a220bac9c9da4/160527_inv_thiel.jpg?branch=production&width=1200&quality=75&auto=webp&crop=3:2)

Peter Thiel, co-founder of Paypal.

Peter Thiel, co-founder of Paypal. Clodagh Kilcoyne—PA Wire/Press Association Images

by 

[Will Drabold](https://time.com/author/will-drabold/)


## Will Drabold


Jul 21, 2016 2:22 PM UTC

Peter Thiel is not only the first openly gay speaker at the Republican National Convention since 2000, he’s also one of the richest people in the room. The PayPal co-founder is [a notable exception](http://www.nytimes.com/2016/07/21/technology/peter-thiels-embrace-of-trump-has-silicon-valley-squirming.html?%5Fr=0) to a crowd of Silicon Valley entrepreneurs who are uneasy about Donald Trump’s presidential run.

Trump’s campaign manager has said Thiel will not speak about being gay at the convention that [produced a platform](http://time.com/4411842/republican-platform-same-sex-marriage-abortion-guns-wall-street/) with drastically anti-LGBTQ language. “He’ll be talking about Donald Trump the man he knows and as a successful entrepreneur,” [said Paul Manafort.](http://time.com/4409879/republican-convention-peter-thiel-gay/)

PayPal was the first golden ticket for Thiel, who was the co-founder and CEO of the internet payment website. He was the first outside investor in Facebook in 2004 and is now involved in several Silicon Valley investment funds. Thiel, 48, was outed as gay against his wishes [in 2007 by Gawker](http://time.com/4348840/peter-thiel-gawker-lawsuit-hulk-hogan/). He has [funded professional wrestler Hulk Hogan’s lawsuit](http://time.com/4348840/peter-thiel-gawker-lawsuit-hulk-hogan/) against Gawker over a sex tape the website released of Hogan in 2012.

Thiel’s official role at the convention is as a Trump delegate. While he initially supported Carly Fiorina’s presidential bid, he [switched his support](http://fortune.com/2016/05/10/peter-thiel-trump-delegate/) to Trump in May. Thiel is known to have libertarian views on politics, putting him in contrast with the liberal views of many Silicon Valley leaders. The billionaire [attended this year’s meeting](http://time.com/4362872/bilderberg-group-meetings-2016-conspiracy-theories/) of the mysterious Bilderberg Group in Germany, a group of world leaders that has gathered since the 1950s to discuss global economic and political issues.


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