Peter Thiel Visits Argentina, Meets Officials During Citizenship Data Review

PayPal co-founder Peter Thiel has spent time in Buenos Aires and held meetings with top officials while staying in the upscale Barrio Parque neighborhood. The visits coincide with reports of a luxury property purchase and discussions with President Javier Milei.

U.S. citizenship renunciations rose from 200-400 per year before 2009 to 4,279 in 2015, peaked at 6,705 in 2020, and stood at roughly 4,800-5,000 in 2024. S. economy is likely minimal.

Most individuals on IRS expatriation lists are dual citizens or long-term expatriates rather than billionaires, according to the available data. S. en masse. He added that the ultra wealthy are no longer thinking in terms of one home country and are instead building jurisdictional portfolios that include homes, passports, tax residencies, business hubs, and political hedges.

A National Bureau of Economic Research study found that the number of Forbes 400 billionaires in states with estate taxes fell by 35 percent after tax rules changed, prompting moves from New York to Florida and from California to Texas. Ryan said that among billionaires a small number of moves can matter symbolically and economically because these individuals control businesses, foundations, investment capital, political donations, and local tax bases.

Thiel has met multiple times with the Argentine president and attended private meetings with senior government officials. Alex Beene, a financial literacy instructor at the University of Tennessee at Martin, told Newsweek that some international moves among America's highest earners have been going on for years and meant little for the businesses tied to them.