PayPal Co-founder Gives $10 Million to Super PAC Backing Potential Senate Bid by JD Vance

Peter Thiel, co-founder of PayPal, delivers a speech during the evening session on the fourth day of the Republican National Convention on July 21, 2016 at the Quicken Loans Arena in Cleveland, Ohio. Alex Wong/Getty Images

The billionaire co-founder of PayPal donated $10 million to a newly formed political action committee backing a potential U.S. Senate bid by J.D. Vance in 2022.

Peter Thiel, a billionaire who was also one of the earliest investors in Facebook, donated $10 million to the Protect Ohio Values PAC, according to Bryan Lanza, the communications director for the PAC.