Billionaire tech mogul and PayPal co-founder Peter Thiel has reportedly employed contested former Austrian Chancellor Sebastian Kurz, who abruptly resigned on corruption prices, to assist handle his mutual fund.
The 35-year-old Kurz will work as a world strategist for the Californian firm Thiel Capital from the primary quarter of 2022. The previous chancellor confirmed his profession change to Austrian media.
Kurz, who was the youngest elected head of state in Europe on the age of 31, resigned as Austrian Chancellor in October after the general public prosecutor introduced that he was being investigated on allegations of corruption.
The Austrian authorities are investigating allegations that Kurz and his political allies used public funds to publish rigged polls with the intention to preserve energy. Kurz has denied wrongdoing.
Sebastian Kurz resigned as Austrian Chancellor for having used public funds to publish false polls. He’ll be part of Thiel Capital as a world strategist. Picture library by way of Getty Photographs
Though he was initially the parliamentary group chief of the conservative Austrian Folks’s Occasion, Kurz left politics utterly at first of the month as a result of he wished to spend time together with his household.
He plans to commute between Europe and the US headquarters of Thiel Capital, reported Reuters, citing the Austrian information company Immediately. His wage is claimed to be properly above the 300,000 euros he earned as Chancellor.
Thiel, 54, co-founded monetary know-how firm PayPal in 1998 and was an early investor in Fb. His private internet value is estimated at $ 3.3 billion, in keeping with Forbes.
Peter Thiel is a co-founder of PayPal and a serious conservative political donor. His internet value is estimated at $ 3.3 billion.Bloomberg by way of Getty Photographs
Thiel can also be a distinguished political funder identified for his conservative views. He supported former President Donald Trump’s bid for the White Home in 2016 and remained a vocal supporter throughout his tenure.