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International Business Times UK
International Business Times UK
World
Vinay Patel

Did PayPal Co-Founder Peter Thiel Move Family to Argentina Amid 2026 Billionaire Tax Vote? The Facts Behind the Viral Claim

Rumours are swirling that tech tycoon Peter Thiel has permanently fled the US for Argentina to dodge a looming tax hit. (Credit: Gage Skidmore from Surprise, AZ, United States of America, CC BY-SA 2.0)

Rumours are swirling across Silicon Valley that PayPal co-founder Peter Thiel has suddenly packed up his family and left the United States. Speculation intensified after reports emerged that the tech billionaire quietly secured a multi-million-pound estate in Buenos Aires just as California prepares for a historic referendum targeting the ultra-wealthy.

While local chatter suggests the tycoon is looking for a long-term escape plan from incoming financial penalties and global unrest, the actual reality behind his southern migration points to a much more nuanced truth.

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