Beginning on Jan. 20, 2025, a network of powerful billionaires will exert unparalleled influence over the U.S. government, according to former Labor Secretary Robert Reich. He names venture capitalist Peter Thiel as a central figure in what Reich describes as a “billionaire brain trust” poised to shape key aspects of policy and governance in President-elect Donald Trump‘s second term.
Thiel, co-founder of Palantir Technologies, PayPal and an early Facebook investor, has cultivated relationships with influential figures now securely inside Trump’s political orbit, noted the Clinton-era labor secretary in a Sunday newsletter on Substack. Among them is J.D. Vance, who worked at Thiel’s investment fund, Mithril Capital, before launching his own. Thiel also financed Vance’s 2022 Senate campaign and introduced him to Trump.
Then there’s Tesla CEO Elon Musk who once worked at PayPal alongside Thiel who, via his Founders Fund, invested heavily in Musk’s ventures, including SpaceX, the …Full story available on Benzinga.com
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