Tech billionaire Peter Thiel donated $ 10 million to a super PAC Assisting venture capitalist JD Vance’s potential run for the resignation of US Senator Rob Portman in Ohio.
Thiel gave $ 10 million for Protect Ohio Values, a super PAC According to Bryan Lanza, an advisor to the PAC.
Photographer: Steve Jennings / Getty Images
Vance, 36, is a partner and co-founder of Narya Capital Management LLC. He became a household name following the publication of his bestselling memoir, Hillbilly Elegy, about the growing up of whites and workers in the Appalachia region of Ohio. Netflix recently turned the book into a movie.
With the Senate split between 50-50 Republicans and Democrats between 50 and 50, the parties will battle for control in 2022, and any vacant seat is a great price. With such a well-funded one PACVance would jump in with a large war chest and powerful friends.
Hedge fund manager Robert Mercer’s family also donated an undisclosed amount, and Lanza declined to indicate how much.
The PAC was founded in part by Timothy Koch of Koch & Hoos, according to Federal Election Commission records. Vance had previously considered running for Senator Sher Rod Brown’s seat in the U.S. Senate in 2018.
After graduating from law school, Vance worked at Thiel’s venture capital firm Mithril Capital Management LLC. Thiel later became a huge supporter of Vances Narya Capital.
Republicans Josh Mandel and Jane Timken have already announced their candidacies for the seat, and businessman Mike Gibbons announced a nationwide “listening tour” on Monday ahead of an expected candidacy.
More of the choice
Mandel, the former Ohio Treasurer who ran unsuccessfully for the Senate in 2012 and 2018, and Timken, the former leader of the Ohio Republican Party, have tried to outdo each other to be considered the ultimate ally of former President Donald Trump and his “America First” agenda in a state that the former president has won twice without further ado.
The GOP Senate race in Ohio will be the test of who is the biggest Trump fan
Democrats contemplating the race include U.S. Representative Tim Ryan, who unsuccessfully ran for the 2020 Democratic President nomination, and Dr. Amy Acton, the former Ohio health director known for her role in responding to the coronavirus pandemic.
– With the assistance of Mark Niquette
((Adds the Vance background, other potential candidates from the third paragraph)
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