Tech billionaire Peter Thiel has purchased a roughly $12 million mansion in Buenos Aires and temporarily relocated his family to Argentina. The move follows concerns over wealth tax proposals in California.
Thiel, the PayPal co-founder and Palantir chairman, enrolled his children in local schools and held meetings with Argentine President Javier Milei and top officials. People familiar with his thinking cited political and economic directions in the United States, especially California, as key factors behind the decision.
