Two months after his resignation amid an anti-corruption investigation, the former Austrian chancellor joined the investment fund Thiel Capital.
Sebastian Kurz moved from politics to business, from Vienna to Los Angeles, but without leaving his conservative camp. Two months after his resignation amid an anti-corruption investigation, the former Austrian chancellor joined the investment fund Thiel Capital, where he will be global strategist. So here he is alongside Peter Thiel, a legendary investor in Californian tech. Thiel was indeed one of the co-founders of PayPal and one of the very first to get behind Mark Zuckerberg in the Facebook adventure. He has also invested in technology companies, like Airbnb, and founded Palantir. Beyond his flair for successful companies, Peter Thiel is distinguished by his political commitment. The German-born multibillionaire, known for his libertarian positions, is a big donor to the Republican Party and, unlike many big names in Silicon Valley, supported Donald Trump’s candidacy in the 2016 primaries.
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Sebastian Kurz will advise his new employer on Europe and Austria. The former chancellor was one of the youngest heads of government to ever come to power in a large democratic country, at barely 31 years old, in 2017. He is already making a shift in his short career, which was abruptly interrupted in October last when he was accused of manipulating polls in his favor. He has since left all his political functions, including at the head of his party. According to the Austrian press, he should live his new life on horseback on the two continents.