Billionaire Donates Millions to Ron Paul

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PayPal co-founder and former CEO Peter Thiel speaks about his National Review article, "The End of the Future," during a discussion sponsored by e21, a conservative think tank, and the Manhattan Institute, at the National Press Club on October 3, 2011 in Washington, DC.

He probably didn’t use PayPal to do it, but billionaire Peter Thiel gave Ron Paul quite a bit of money in the month of January. The PayPal cofounder, who was one of the original Facebook investors, was revealed Monday to have given $1.7 million to a super PAC that backs Ron Paul in two separate donations, according to a filing with the FEC. The super PAC, Endorse Liberty, raised $2.3 million in total in the month of January, meaning Thiel’s money accounted for 75 percent of its first-month haul. The super PAC solely backs Paul for president. Thiel donated $900,000 to Endorse Liberty in December 2011 as well.