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PayPal co-founder Peter Thiel, who has donated more than $2.5 million to a superPAC backing GOP presidential candidate Ron Paul, speaks at the National Press Club in Washington, D.C., in October.
In the race for the Republican presidential nomination, only one candidate remains to challenge presumptive nominee Mitt Romney: Texas Rep. Ron Paul.
Even Paul has said he will no longer campaign in states that have yet to hold their primaries. And Paul has always been considered a long shot to win. But that hasn't deterred many of his hard-core supporters, including the Silicon Valley billionaire who has bankrolled the superPAC backing Paul.
Peter Thiel is a venture capitalist, entrepreneur and co-founder of PayPal. He hit the jackpot again when he gave Mark Zuckerberg the money to launch Facebook.
Thiel's half-million dollar Facebook investment is now worth more than $1 billion. His success and his smarts have made him a virtual rock star in Silicon Valley.
The List: SuperPAC Superdonors
More than two dozen people or groups have donated at least $1 million each to the new superPACs.
A Contrarian View
On a recent day at Stanford University, the lecture hall is full long before Thiel saunters in — light blue business suit, open collar, a Diet Coke in his hand, his eyes shifting nervously as he scans the crowd of mostly adoring undergraduates. He's come to argue a contrarian view: that technological progress is decelerating.
"Whether we look at transportation, energy, commodity production, food production, agro-tech, nanotechnology — that with the exception of computers, we've had tremendous slowdown," he says.