Peter Thiel in Argentina—Are Billionaires Leaving the US? What Data Show
Citizenship renunciations reached about 5,000 in 2024, while surveys show many billionaires are choosing part-time moves and multiple residences instead of leaving the United States.
- Peter Thiel, the 58-year-old co-founder of PayPal and Palantir, has reportedly purchased a villa in Buenos Aires and enrolled his two children in local schools, shifting personal interests to Argentina.
- Thiel met with Argentine President Javier Milei at the Casa Rosada, drawn to the nation's deregulatory agenda after seeking to distance himself from potential wealth taxes in California.
- Viewing Argentina as an 'escape hatch,' Thiel maintains a Buenos Aires residence for excitement alongside a property in Punta del Este, Uruguay, serving as a potential backup refuge.
- Data from the Treasury Department indicates citizenship renunciation reached roughly 4,800 in 2024, though around 36 percent of surveyed billionaires maintain multiple residences rather than fully abandoning the United States.
- The ultra-wealthy no longer view the United States as their single home country, experts suggest, preferring to strategically diversify assets and citizenships to mitigate risks associated with political and economic instability.
12 Articles
12 Articles
Peter Thiel, the investor who founded Paypal and now leads Palantir, an advanced software company with an important presence in the military and security sectors, is going to live in Argentina, a country that considers it the most suitable to install his family there. Thiel, who has not wanted to make any comments about it, has chosen Argentina as a residence because of its ideological proximity to President Javier Milei.Continue reading...
Peter Thiel won’t find a safe haven in Argentina
Peter Thiel is known for making and landing counterintuitive bets. But relocating to Argentina, his “escape hatch” from the risks of political turmoil in the developed world, may be his most confounding wager yet. Countless Argentines, after all, have made precisely the opposite choice in recent decades, emigrating to Spain or the US to escape the country’s prolonged political dysfunction. But the country has gained a certain appeal to libertari…
Peter Thiel's move to Argentina, where the co-founder Paypal and Palantir Technologies enrolled their children at school and bought a home in one of the most established neighborhoods in Buenos Aires, reflects a wider pattern of billionaires who see life in America as an investment portfolio – still worth betting on...
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
