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What’s Really Behind Peter Thiel’s Panicked Move to Argentina

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June 3, 2026
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What’s Really Behind Peter Thiel’s Panicked Move to Argentina
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Some tech observers suppose that the Palantir overlord sees the top occasions coming, however his actual motivation is probably going far more mundane and self-interested.

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Tech overlord Peter Thiel, in a extra cosmically sanguine second, addresses a cryptocurrency convention in 2022.

(Marco Bello / Getty Photographs)

Traditionally, South America has confirmed irresistible to sure inhabitants of the northern hemisphere keen to escape the results of their horrible actions. Argentina was the favored vacation spot for hundreds of Nazis after the collapse of the somewhat-less-than-thousand-year Reich, together with Adolf Eichmann and Josef Mengele; Klaus Barbie, in the meantime, ended up in Bolivia. On a considerably lighter and extra British notice, the escaped “Nice Prepare Robber” Ronnie Biggs fled in 1970 to Brazil the place he lived giant for many years, even recording a few tracks with the Intercourse Pistols, together with one during which he requested God to save “Martin Bormann and Nazis on the run / They wasn’t being depraved, God, that was their thought of enjoyable.” (Bormann on the time was thought to be hiding in Argentina; he was actually mendacity useless, as all Nazis ought to be, in Berlin.)

Now one other horrible northerner appears to be readying his personal ratline to Argentina: the tech-and-finance overlord Peter Thiel. Over the weekend, The New York Occasions reported that the vaguely reptilian billionaire investor was “decamping to the end of the world.” That meant that Thiel, a longtime connoisseur of doomsday situations, had purchased a mansion and moved his household, at the very least quickly, to Buenos Aires, the place he has apparently been assembly with assorted highly effective and influential figures, together with the nation’s anarcho-capitalist president Javier Milei. Thiel additionally reportedly held a gathering for among the nation’s main economists and intellectuals, treating his considerably bewildered dinner friends to prolonged disquisitions on the Antichrist.

Taking no possibilities, Thiel has additionally procured a backup to the Argentinean exit technique, buying a possible future bunker web site close to Punta del Este, a metropolis on the coast of Uruguay. This well-appointed getaway has been variously described as “The Hamptons of South America,” “The Monaco of the South,” and the “The Miami Seaside of South America,” although The Hamptons, Monaco, and Miami Seaside will not be even remotely the identical factor.

The massive query raised by Thiel’s panicked peregrinations is why one among our nation’s richest and most politically influential tech buyers has determined to do a runner, as Ronnie Biggs might need put it, to locales some 6,000 miles away at this explicit second in historical past. Is it a response, as some have advised, to a attainable one-time 5 % billionaire wealth tax in California? This appears hardly credible, provided that Thiel had already more-or-less moved himself from Los Angeles to Miami Seaside to escape the tiny and nonetheless hypothetical menace to his large fortune; Florida doesn’t even have an revenue tax.

With the tax-avoidance rationalization out of the image, the clear implication is that an aspiring cosmic prophet like Thiel should know that one thing is coming—one thing actually, actually unhealthy, at the very least for these of us hapless Yanks disadvantaged of the choice of repatriating to a tony neighborhood in a historic metropolis on one other continent.

It’s not unreasonable to suppose that these on the tippy high of the wealth pile might have entry to insider details about impending unnatural disasters. Certainly, that’s the premise of a new Web tool called the ⁠Apocalypse Early Warning System, which tracks the variety of personal jets within the air at anybody time. Its working assumption is that if the world’s richest get tipped off early to, say, an impending nuclear launch, they’ll all hop of their jets without delay and head for his or her personal bunkers.

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Cover of June 2026 Issue

In fact, by the point that our clued-in overclass received into the air, it might most likely be too late for the remainder of us to flee, assuming we now have someplace to flee to; I might most likely find yourself spending the previous few moments earlier than nuclear armageddon making an attempt to wrangle my recalcitrant cats into their carriers. Or it might prove that each one these wealthy individuals had been simply flying to the Tremendous Bowl and I as soon as extra provoked my cats into cussed fury for no cause.

And Thiel’s transfer most likely isn’t any extra a dependable sign of impending nuclear warfare than the variety of personal jets within the sky. Nervous billionaires have been constructing bunkers for years now; media theorist Douglas Rushkoff even revealed an entire e book on the topic again in 2022, when our president wasn’t the form of one who may launch a nuclear warfare on a whim. Thiel himself has been searching for what some have taken to calling “sovereignty diversification” for a while, acquiring New Zealand citizenship in 2011 and shopping for some land on the shores of Lake Wānaka on the southern island. (He appears to have misplaced curiosity within the New Zealand possibility, although, after the locals wouldn’t let him construct a bunker there.)

That is most likely an excellent alternative to remind any oligarchs on the market that you may’t really keep away from the results of a nuclear warfare by shifting to Buenos Aires, or Lake Wānaka, and even the Amundsen-Scott South Pole Station in Antarctica. The Occasions story mentions a tech entrepreneur pal of Thiel’s with a second house in Buenos Aires who “has hypothesized that Argentina could be fully unaffected if the Northern Hemisphere had been worn out by nuclear warfare.” A lot for the mythologized genius of the tech energy elite—their grasp of the devastation wrought by a worldwide nuclear conflagration roughly corresponds to the implausibly heroic fables crafted by Hollywood catastrophe impresarios like Michael Bay.

The Occasions means that Thiel may see Argentina as a attainable refuge from the hazards of “runaway synthetic intelligence,” although it doesn’t hassle to clarify what which means or why our potential future AI overlords would resolve to merely bypass a rustic the place 96 % of the individuals are related ultimately to the Web. Argentina isn’t Dune; its residents have computer systems and ChatGPT like the remainder of us. OpenAI is planning to construct a large $25 billion knowledge middle in Patagonia.

My level is just that we will’t see Thiel’s Argentinian transfer as an indication that the top is close to as a result of the cataclysms he tends to speak about—nuclear warfare and an AI rebellion—wouldn’t spare Buenos Aires. I’m fairly positive that Thiel is properly conscious of this.

However I do suppose Thiel suspects that one thing huge and unhealthy is coming—not essentially for you or me or anybody we all know however for him, and for others in his rarified political and social class. The Nazis decamped to Argentina after the warfare to escape the Nuremberg trials. It’s not fairly clear what precisely Thiel thinks is coming now, however he’s tell us that he’d like to be at the very least 6,000 miles away when it hits.


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On the floor, Thiel appears fairly safe right here in the USA. He definitely has political affect, with numerous associates of his taking on positions in and across the White Home, together with his political protégé JD Vance within the vice presidential mansion. In the meantime, Thiel’s tech firms, Palantir and Anduril, are gobbling up billions in multiyear authorities contracts.

Common

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However a detailed connection to the Trump regime ain’t what it used to be. Our more and more unhinged president is falling aside earlier than our very eyes and taking a lot of the Republican Get together down with him. Individuals are pissed sufficient at Trump’s chaotic reign that the Democrats appear poised to overcome the electoral ineptitude of the occasion’s management and rack up enormous beneficial properties in November, knock on wooden.

In the meantime, and even perhaps extra to the purpose, the billionaire backlash appears to develop stronger each day. An Economist/YouGov ballot from January discovered that 80 % of Individuals say the wealthy have an excessive amount of political energy—together with 91 % of Democrats, 82 % of independents, and, remarkably, 67 % of Republicans. Greater than half see wealth inequality as a “very huge downside” and almost that many (46 %) say that taxes on billionaires are “a lot too low.” A Harris ballot from final November discovered that greater than half of Individuals see billionaires as a menace to American democracy (as properly they need to). Greater than 70 % help a billionaire tax—and 53 % need an precise cap on billionaire wealth, with most of them saying nobody ought to have greater than 10 billion {dollars}. That will slash Thiel’s wealth by about two-thirds, which is slightly extra of a slice than the one-time 5 % wealth tax proposed in California, and a much more radical proposal than any politician has but dared to advance.

No surprise Thiel is fearful. One thing is coming. And that one thing could be us.

David Futrelle

David Futrelle is a author whose work has appeared in The New York Occasions, The Washington Publish, Slate, and Vice. He writes the publication Brotopians.

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