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Anarcho-Capitalist Peter Thiel Has Finally Found a Home – With Anarcho-Capitalist Javier Milei

Anarcho-Capitalist Peter Thiel Has Finally Found a Home – With Anarcho-Capitalist Javier Milei

From Neue Zürcher Zeitung · () German

Translated from German, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Tech billionaire Peter Thiel has relocated to Buenos Aires, Argentina, with his family.
  • Thiel, known for his investments in companies like PayPal and Facebook, has expressed concerns about the world's potential end and seeks a safe haven.
  • His move is speculated to be influenced by a potential five percent wealth tax in California and his alignment with Argentina's libertarian President Javier Milei.

Tech billionaire and investor Peter Thiel has found a new home in Buenos Aires, Argentina, relocating with his husband Matt Danzeisen and their children. Thiel, a co-founder of PayPal and an early investor in Facebook and Palantir, has long been vocal about his concerns regarding global instability and what he terms the "beginning of the end of the world."

His search for a "safe harbor" has led him to Argentina, a country now governed by libertarian President Javier Milei. This move is reportedly influenced by a potential five percent wealth tax on billionaires in California, Thiel's previous residence, which would significantly impact his estimated $29 billion fortune. Argentina, under Milei's administration, is seen as a more welcoming environment for the ultra-wealthy.

Thiel has met with President Milei at the Casa Rosada, Argentina's presidential palace. Milei himself commented on the meeting, describing it as "an anarcho-capitalist meets another anarcho-capitalist." Federico Sturzenegger, a key deregulation minister in Milei's government, has also reportedly been a guest at Thiel's new residence.

This is not the first time Thiel has sought alternative citizenship or residency. He reportedly obtained a New Zealand passport in 2011 and applied for Maltese citizenship four years ago. While Argentina is reportedly considering granting him citizenship, the government has denied these claims. Thiel's move underscores a growing trend of wealthy individuals seeking jurisdictions that align with their political and economic philosophies, particularly in the face of increasing global uncertainties and potential tax liabilities.

An anarcho-capitalist meets another anarcho-capitalist.

— Javier MileiCommenting on his meeting with Peter Thiel.
DistantNews Editorial

Originally published by Neue Zürcher Zeitung in German. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.