After moving to California in 1977 with his parents, Peter Thiel believes the time may have come to finally find a new home.
The cofounder of PayPal and Facebook’s first outside investor earned his estimated $11.6 billion fortune in Silicon Valley, but revealed he is constantly thinking about setting sail for friendlier waters due to its “confiscatory taxation.” The state this year introduced a new 14.4% tax on anyone earning over $1 million annually, the highest state income tax in the nation.
