NZ Herald
  • Home
  • Latest news
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather forecasts

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
    • The Great NZ Road Trip
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
    • Cooking the Books
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • What the Actual
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Business

Kiwi billionaire Peter Thiel eyes possible shift to New Zealand

NZ Herald
19 Aug, 2024 11:52 PM4 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

Peter Thiel became a New Zealand citizen after spending 12 days here.

Peter Thiel became a New Zealand citizen after spending 12 days here.

Controversial Kiwi billionaire Peter Thiel is considering a permanent move to Aotearoa, telling podcaster Joe Rogan that he is being driven away by taxation in his home state of California.

Thiel, the co-founder of PayPal and Palantir Technologies, and who became a New Zealand citizen in 2011, said he has “endless conversations” with friends about leaving the state.

He said its “confiscatory taxation” was a key factor turning him away from California.

“The extreme thing I keep saying is I can’t decide whether to leave the state or the country,” Thiel said, adding it was “tough” to choose a new home because much of the world was “doing so much worse” than the United States.

He said he needed to make only one, permanent, move and said the US state of Florida could be an option before Rogan suggested the central American country of Costa Rica and Thiel himself named New Zealand as a possibility.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

His host then veered into discussing Australia, possibly betraying a geographical misunderstanding as he criticised what he said was Australia cracking down on online speech.

Peter Thiel’s New Zealand ties

Thiel was born in Germany but moved to America when he was only a year old. He became a New Zealand citizen in 2011.

“I am happy to say categorically that I have found no other country that aligns more with my view of the future than New Zealand,” Thiel wrote.

Advertisement
Advertise with NZME.

“It would give me great pride to let it be known that I am a New Zealand citizen.”

In that year, Thiel revealed he was much more clued-in to New Zealand’s place in the world than Joe Rogan – revealing he favoured Godzone over Australia.

”Australia is a sort of strange developed country where it’s all about exporting commodities to China. Talented people in Australia don’t really need to try that hard,” he told the Herald.

”It seems like it’s a plus, but I don’t know if it is in the long term. I think New Zealand is more attractive on the tech side than Australia would be.”

His citizenship became a minor national scandal in 2017 when the Ombudsman revealed that the billionaire had only spent 12 days in the country, less than 1% of the usual criteria.

Thiel has also sought a passport in the tiny Mediterranean nation of Malta, with the New York Times reporting in 2022 that he was trying for his third passport from the island.

Lodge plans abandoned

Last month it was revealed that the tech billionaire appears to have abandoned his plans to build a 330m-long luxury lodge overlooking Lake Wānaka.

Theil had envisaged a private residential estate set against mountains, covered by tussocks and shrubs.

The building would have accommodated up to 30 guests and supported between 15 and 30 staff.

An artist's impression of a rejected lodge development on land Peter Thiel owns in Wanaka. Image / Supplied, File
An artist's impression of a rejected lodge development on land Peter Thiel owns in Wanaka. Image / Supplied, File

Inspired by other luxury lodges in New Zealand, like Queenstown’s Rosewood Matakauri Lodge, it was planned to feature 11 guest accommodation units, an owner’s residence, a meditation building and a “back-of-house” facility.

Advertisement
Advertise with NZME.

The build had suffered a series of hurdles, including a rejected resource consent from the Queenstown Lakes District Council, and subsequent rejection of an appeal by the Environment Court.

The Otago Daily Times reported that the Environment Court had confirmed Thiel’s company Second Star Ltd had not lodged an appeal to the High Court.

In an earlier decision, Environment Court Judge Prudence Steven said the proposed tree planting would not adequately screen the buildings from several public viewpoints on the nearby public track, and the landscape values of the area’s outstanding natural landscape would not be protected.

Donald Trump and running mate J.D. Vance. Photo / Supplied
Donald Trump and running mate J.D. Vance. Photo / Supplied

Support for JD Vance

Thiel injected tens of millions of dollars into the senate campaign of JD Vance, the man just selected as Donald Trump’s running mate in the upcoming US presidential elections.

Thiel has been officially affiliated with the Republican Party since 2017, the same year he hired the 32-year-old Vance to work at his venture capital firm.

Thiel then went on to be a major financial backer for Vance’s 2022 tilt as the Republican candidate for the Senate.

Advertisement
Advertise with NZME.

According to CBS, Thiel poured US$15 million ($24.7m) into Vance’s 2022 campaign as well as nurturing his political rise. He also helped him win a closely contested seat in the GOP primary.

CBS also reported Thiel donated at least $200,000 to Vance for other campaigns.

Thiel began his official affiliation with the Republican Party in 2017, when he served on Trump’s transition team. He was an early backer of the outsider candidate.

The New York Times reported Thiel was also the one who first took Vance into Trump’s Mar-a-Lago office in 2021.

Vance told Catholic journal The Lamp Magazine that he had seen a talk Thiel had given at Yale University. He called it one of his “most significant” moments.


Advertisement
Advertise with NZME.
Save

    Share this article

Latest from Business

Premium
Opinion

Steven Joyce: Why it's time to scrutinise Fonterra's role in rising food prices

16 May 11:00 PM
Premium
Business

Threats at renowned architecture firm: Ex-worker learns fate, now eyeing law school

16 May 09:19 PM
Premium
Opinion

Fran O'Sullivan: Willis’ film industry backing shows Budget's focus on economic growth

16 May 09:00 PM

Deposit scheme reduces risk, boosts trust – General Finance

sponsored
Advertisement
Advertise with NZME.

Latest from Business

Premium
Steven Joyce: Why it's time to scrutinise Fonterra's role in rising food prices

Steven Joyce: Why it's time to scrutinise Fonterra's role in rising food prices

16 May 11:00 PM

OPINION: Dairy prices are rising; butter now costs $3 more than last year.

Premium
Threats at renowned architecture firm: Ex-worker learns fate, now eyeing law school

Threats at renowned architecture firm: Ex-worker learns fate, now eyeing law school

16 May 09:19 PM
Premium
Fran O'Sullivan: Willis’ film industry backing shows Budget's focus on economic growth

Fran O'Sullivan: Willis’ film industry backing shows Budget's focus on economic growth

16 May 09:00 PM
Premium
Mary Holm: Gold's risks outweigh rewards for cautious savers

Mary Holm: Gold's risks outweigh rewards for cautious savers

16 May 05:00 PM
Gold demand soars amid global turmoil
sponsored

Gold demand soars amid global turmoil

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • What the Actual
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven CarGuide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP