Peter Thiel's move to Argentina reflects a growing trend among billionaires seeking a 'plan B' abroad

Peter Thiel considers move to Argentina despite making millions from US government

Peter Thiel, co-founder of Palantir and PayPal, reportedly bought a $12M mansion in Buenos Aires and is exploring Argentine citizenship, despite Palantir pulling $687M from US government contracts in Q1 2026 alone. The move is driven by California's proposed billionaire tax — a signal that US fiscal policy toward tech wealth is diverging from the political alignment that the sector built in Washington over the past four years.