Those who have been in touch with the 49-year-old entrepreneur are skeptical that he’ll enter the race. He is a deeply private figure, and California is unfriendly territory for a Republican – particularly a pro-Trump one. The president-elect won just over 30 percent of the vote there.

But they add that Thiel has conspicuously yet to rule out a bid and that those around him continue to discuss it.

Adding fuel to the speculation: Thiel raised eyebrows this week when he granted a rare interview to the New York Times’ Maureen Dowd. In the interview, he outlined his political worldview and explained his support for Trump.(At one point, Thiel said, perhaps jokingly, that he’d be “fine” with California seceding. “I think it would be good for California, good for the rest of the country. It would help Mr. Trump’s re-election campaign,” he added.)…

Thiel, who is worth an estimated $2.7 billion, would fill an important need: The ability to self-fund. Waging a gubernatorial bid in California, where campaigns are famously expensive, could cost over $100 million.