Peter Thiel Moves Family to Argentina to Flee High Taxes — and Potential Nuclear War, AI Meltdown: Report
Billionaire investor Peter Thiel reportedly moved his family from the US to Argentina’s capital Buenos Aires as a refuge from high taxes, political turmoil and potential catastrophes like nuclear war and an AI meltdown.
The PayPal co-founder and longtime Silicon Valley power player has met privately with Argentine President Javier Milei, purchased a mansion in one of Buenos Aires’ most exclusive neighborhoods and temporarily relocated his family to the South American nation, according to the New York Times.
Sources told the paper that Thiel made the move due to concerns about the political direction of the US, especially in California, where over half of voters support a proposed wealth tax on billionaires.
The investor became more interested in Argentina as the proposal gained traction and was considering cutting ties with California by the end of last year, the Times reported.
His private investment firm, Thiel Capital, opened an office in Miami’s Wynwood neighborhood on Dec. 31 as Californians weighed the proposed tax — which threatened the investor with a whopping, 10-figure tax bill, according to Bloomberg.
Not least of Thiel’s concerns is the possibility of nuclear warfare in the Northern Hemisphere — making a relatively far-flung corner of South America an appealing option, the Times reported. (Read more from “Peter Thiel Moves Family to Argentina to Flee High Taxes — and Potential Nuclear War, AI Meltdown: Report” HERE)
