Out billionaire Peter Thiel plans to donate $1.25 million to Donald Trump's campaign for president.

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.

During July's Republican National Convention in Cleveland, Thiel declared that he's “proud” to be a gay Republican. “But most of all, I am proud to be an American,” he added.

(Related: Gay CEO Peter Thiel endorses Donald Trump at RNC.)

According to The New York Times, which broke the story, Thiel will donate directly to the Trump campaign and to the candidate's super PAC.

Thiel is among only a handful of tech entrepreneurs to embrace Trump's presidential aspirations. That he's gay makes him more of an outlier.