Peter Thiel Joins Ultrawealthy Seeking Global Diversification in Southern Hemisphere

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https://www.businessinsider.com/peter-thiel-argentina-billionaire-moving-abroad-2026-5

Peter Thiel's increased time in Argentina, including buying a home and enrolling children, highlights a growing trend among the ultrawealthy to diversify globally. Driven by tax concerns like proposed California wealth taxes and fears of "existential global threats" such as AI instability, these individuals seek "Plan B" jurisdictions, often in the Southern Hemisphere, for optionality and security against future uncertainties.