Will he or wonâ€™t he? Silicon Valley billionaire Peter Thiel, who is an outspoken Donald Trump supporter living in a very blue state, is reportedly mulling a run for California governor in 2018, according to Politico.
Paul Mitchell co-founder John Paul DeJoria and former McDonaldâ€™s CEO Ed Rensi told the FOX Business Networkâ€™s Maria Bartiromo that Thiel could actually be the perfect remedy for the Golden Stateâ€™s ailing economy.
â€œI think this is a very unique situation,â€ Paul Mitchell co-founder John Paul DeJoria told Bartiromo. â€œHe is a Republican -- he went for Trump.â€
Last week, California Gov. Jerry Brown warned the state is projected to run a $1.6-billion deficit by next summer, according to the LA Times. DeJoria argued Thiel could possibly turn it around.
â€œHeâ€™s extremely smart. The guy [has] a good success pattern behind him and he happens to be gay,â€ DeJoria said. â€œCalifornia is very, very liberal. I think the guy has a shot at it.â€
He added, â€œThe fact that he did so many good things in business and, once again, hereâ€™s a multi-billionaire, that I happen to know is very philanthropic, that wants to take his own time and energy and do something good for the state.â€
Ed Rensi agreed. He said California needs good leadership.
â€œTo have a good smart business guy thinking about strategy instead of tactics and being concerned about the welfare of the people, I think is going to bode well,â€ Rensi said. â€œHeâ€™s a strong executive and will do well in that state -- and itâ€™s a mess right now.â€