Gay CEO Peter Thiel joins Trump's transition team

Sun. November 13, 2016 7:20 AM by Carlos Santoscoy

Out billionaire Peter Thiel has joined President-elect Donald Trump's transition team.

Vice President-elect Mike Pence is leading the Presidential Transition Team Executive Committee.

On Friday, Trump announced the committee members.

"The mission of our team will be clear: put together the most highly qualified group of successful leaders who will be able to implement our change agenda in Washington," Trump said in a written statement.

Estimated to be worth $2.8 billion, Thiel co-founded PayPal and served as its CEO. He's the current chairman of Palantir and serves on Facebook's board of directors. He was among only a handful of tech entrepreneurs to embrace Trump's campaign.

Thiel faced a backlash in October when he revealed that he had donated $1.25 million to the Trump campaign.

He defended his support in a speech he gave at the National Press Club in Washington, where he said that Trump is right on the "big things" and that he'll be "expansive" on LGBT rights.

Article provided in partnership with On Top Magazine