Resigned Austrian Chancellor To Work For Thiel Capital

Former Austrian Chancellor Sebastian Kurz will work for the controversial US investment company Thiel Capital where he will serve as a global strategist starting next year, Austrian media outlets reported, Josephine Joly reported for Euronews.

Photo Insert: Former Austrian Chancellor Sebastian Kurz

The California-based company was founded by German-born Peter Thiel, a billionaire venture capitalist who has known Kurz for several years. Thiel was previously involved in the founding of PayPal, a company that offers payment services on the internet.

The American-German billionaire is politically close to former US President Donald Trump and even served as an advisor when Trump was in office, Reuters also reported.

Kurz resigned as Austria's chancellor in early October amid corruption allegations and stepped away from politics earlier this month, including as chairman of the conservative Austrian People's Party, to focus on his family.

The 35-year-old Conservative is one of 10 people suspected of varying degrees of breach of trust, corruption, and bribery in a case in which prosecutors allege public funds were used to secretly manipulate polls to help him become party leader and then chancellor in 2017. He denies all wrongdoing.

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