Tech mogul and multi-billionaire Peter Thiel wields significant influence over US President Donald Trump’s administration, according to a new Bloomberg review.
At least 15 representatives in the new US administration have clear ties to the Palantir founder, who, unlike adviser Elon Musk, prefers to keep a low profile in the background.
To the public, Thiel is perhaps best known as the co-founder of Paypal and the technology company Palantir Technologies. Palantir’s technology has been used by the US intelligence community to analyze data from surveillance tools, in the Ukraine war to help Ukrainian drones identify Russian soldiers, and to develop technology to automate the killing of human targets, with the AI making the final decision on who lives and who dies.
Peter Thiel has also been a very generous financier of the Republican Party and has funded several of the party’s presidential candidates’ election campaigns over the years – not least Trump’s. He also sits on the steering committee of the shadowy Bilderberg Group power network and is listed as one of the World Economic Forum’s “Young Global Leaders”.
A Palantir advertisement for suicide drones airs during an Army-Navy college football game, December 2024. pic.twitter.com/gnnec2Gtp5
— Future Adam Curtis B-Roll (@adamcurtisbroll) December 15, 2024
The tech mogul himself has claimed that he is not as politically engaged today and that he would go “crazy” if he went around thinking about politics all the time. Nevertheless, the Trump administration is full of his friends, former partners and employees, and the multi-billionaire is seen as having great power to shape White House policy.
The vice president’s mentor
Trump’s “crypto tsar” David Sacks and Vice President J.D. Vance are two of the people who have a very close relationship with Thiel and the tech mogul is described as Vance’s mentor ever since he worked at Thiel’s venture capital firm Mithril Capitals. Later, the Paypal founder came to finance Vance’s election campaign and it is also said to have been Thiel who brought Vance and Trump together.
Although Thiel has no official position in the Trump administration, his voice is considered very important and Quinn Slobodian, a professor of international history at Boston University, believes that the influence of the tech establishment on the US government under Trump is “unprecedented in the modern era”.
According to the historian, representatives of big business have previously focused on making as much money as possible from government contracts – whereas now they are working to radically change the way government works and how the US is run.
Hundreds of government agencies could be shut down
Trump’s chief efficiency officer Elon Musk also has long-standing ties to Thiel and is highlighted as a clear example of the tech billionaires’ influence and changing political role.
Musk, now the world’s richest man, heads the Department of Government Efficiency (Doge), tasked with overseeing and streamlining the spending of a number of agencies within the US government – often through unprecedented budget cuts.
99 Federal agencies is more than enough https://t.co/OmWmfEHqyv
— Elon Musk (@elonmusk) November 13, 2024
The work is still in its early stages, but there has been talk of saving 2 trillion annually and laying off a majority of US government employees. Musk himself believes that more than 75 percent of the US authorities should be completely closed down or merged with others.