Will he or wonât he? Silicon Valley billionaire Peter Thiel, who is an outspoken Donald Trump supporter living in a very blue state, is reportedly mulling a run for California governor in 2018, according to Politico.

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Paul Mitchell co-founder John Paul DeJoria and former McDonaldâs CEO Ed Rensi told the FOX Business Networkâs Maria Bartiromo that Thiel could actually be the perfect remedy for the Golden Stateâs ailing economy.

âI think this is a very unique situation,â Paul Mitchell co-founder John Paul DeJoria told Bartiromo. âHe is a Republican -- he went for Trump.â

Last week, California Gov. Jerry Brown warned the state is projected to run a $1.6-billion deficit by next summer, according to the LA Times. DeJoria argued Thiel could possibly turn it around.

âHeâs extremely smart. The guy [has] a good success pattern behind him and he happens to be gay,â DeJoria said. âCalifornia is very, very liberal. I think the guy has a shot at it.â

He added, âThe fact that he did so many good things in business and, once again, hereâs a multi-billionaire, that I happen to know is very philanthropic, that wants to take his own time and energy and do something good for the state.â

Ed Rensi agreed. He said California needs good leadership.

âTo have a good smart business guy thinking about strategy instead of tactics and being concerned about the welfare of the people, I think is going to bode well,â Rensi said. âHeâs a strong executive and will do well in that state -- and itâs a mess right now.â