- Peter Thiel is reportedly spending more time in Argentina.
- His flirtations with a new nation are part of a trend among the world’s wealthiest, advisors say.
- Argentina may be a risky choice, but for billionaires, that may not be the point.
Peter Thiel appears to have found a new bug-out spot. He isn’t alone in looking beyond America’s shores.
The PayPal and Palantir cofounder and prominent libertarian has been spending more time in Argentina, The New York Times reported, where he has enrolled his children in school and bought a home in one of Buenos Aires’ wealthiest neighborhoods.
Among the ultrawealthy, that fits a larger pattern. The rich are treating their lives in America like part of an investment portfolio: still worth betting on, but increasingly in need of a hedge…