I read an interesting article recently about Thiel's, Musk's and Sacks' common career paths, views and ambitions.
One point that stuck out for me was how all three of them had spent a significant part of their childhood in Apartheid-era South Africa, as part of the white ruling class (so learned of Apartheid as a good thing or even had family that belonged to the ruling class). This is well-known for Musk, but I think less so for Thiel and Sacks.
Seems to me that gives their ultra-libertarian, "anti-woke", pro-inequality views another context.