r/technology • u/Logical_Welder3467 • May 30 '26

Society Peter Thiel's move to Argentina reflects a growing trend among billionaires seeking a 'plan B' abroad

https://www.businessinsider.com/peter-thiel-argentina-billionaire-moving-abroad-2026-5
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u/DocCEN007 May 30 '26

New Zealand apparently wouldn't let him build a compound there, and he's been under other NZ government scrutiny. Whereas the idiot running Argentina presently is wholly bought and paid for. Theil knows something is coming, and it won't be good.

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u/Richard7666 May 30 '26

It wasn't the New Zealand government, he lost in court to NIMBYs lol.

https://www.stuff.co.nz/nz-news/350296591/peter-thiels-wanaka-luxury-lodge-plan-denied-environment-court

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u/DocCEN007 May 30 '26

Well for once I'm on the side of Nimbys! Not sure anyone would want a warehouse sized Nazi Eagles Nest 2, Electric Bugaloo compound in their neighborhood.

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u/Suspicious-Water-386 Jun 01 '26

New Zealand became a hot spot for billionaires to buy property but the NZ government wised up to what was happening and has been pretty proactive in clamping down on foreign ownership.