Elijah: Tech billionaire Peter Thiel, once President Donald Trump's most prominent supporter in Silicon Valley, is reportedly distancing himself from this year's presidential campaign because he feels re-election is unlikely. Thiel, a venture capitalist who made his fortune as co-founder of PayPal, was one of the few tech leaders to publicly back Trump in 2016, donating $1.25million to his campaign and describing him as the man who could rebuild America during the Republican National Convention. Despite publicly stating i n 2018 that he supports Trump's bid for another term in the White House, Thiel has remained largely silent throughout the current election cycle, without donating a single cent to the president's campaign. It's now emerged that Thiel has expressed concerns over Trump's re-election prospects in conversations with friends and associates at his oceanfront home in Hawaii in recent weeks. Sources told the Wall Street Journal that Thiel believes the US economy will likely be stuck in deep recession with double-digit unemployment when the election rolls around in November - one that would put any sitting president at a dire disadvantage to a challenger.