American billionaire flees US: Trump ally moves to 'country of bankruptcy'

American tech billionaire Peter Thiel has moved his family to Buenos Aires, Argentina, reportedly attracted by the country's libertarian ideology and the program of President Javier Milei. Thiel, the co-founder of PayPal and founder of the data intelligence company Palantir, has already enrolled his children in a local private school, according to sources familiar with his plans.

Since arriving in Buenos Aires in April, Thiel has immersed himself in local culture. He attended a Superclásico football match between rival teams River Plate and Boca Juniors. He also spent a day at a local chess club, where he participated in a tournament and secured third place. During the tournament, Thiel reportedly expressed his surprise to the young players and his hope to return for another competition.

Thiel purchased a six-bedroom villa in the upscale Palermo Chico neighborhood, known for its embassies. He also acquired land to build a house near Punta del Este, a popular coastal resort town among wealthy Argentines, according to an individual aware of his real estate dealings.

Thiel's move to Argentina comes amid discussions about his political leanings and his alignment with Milei's libertarian platform. The tech mogul's presence in Buenos Aires has generated interest, with his engagement in local events showcasing a desire to integrate into the community.