Billionaire tech mogul and Paypal co-founder Peter Thiel has reportedly employed embattled former Austrian chancellor Sebastian Kurz, who abruptly stepped down from office amid allegations of corruption, to assist run his funding fund.
Kurz, 35, will function a world strategist for California-based Thiel Capital starting within the first quarter of 2022. The former chancellor confirmed his career transfer to Austrian media outlets.
Kurz, who was as soon as Europe’s youngest elected chief at age 31, resigned as Austria’s chancellor in October after prosecutors introduced he was beneath investigation for allegations of corruption.
Austrian authorities are investigating claims that Kurz and his political allies used public money to publish doctored polls in a bid to retain energy. Kurz has denied wrongdoing.
Though he initially retained a job because the conservative Austrian People’s Party’s parliamentary chief, Kurz left politics totally earlier this month, citing a want to spend time along with his household.
He plans to commute between Europe and Thiel Capital’s US headquarters, Reuters reported, citing Austrian information outlet Heute. His pay is reportedly far increased than the €300,000 ($340,000) he earned as chancellor.
Thiel, 54, co-founded monetary tech agency PayPal in 1998 and was an early investor in Facebook. His personal internet value is estimated to be $3.3 billion, in accordance with Forbes.
Thiel can be a outstanding political donor identified for his conservative views. He supported former President Donald Trump’s bid for the White House in 2016 and remained a vocal backer throughout his time period in office.