Peter Thiel Moves Family to Argentina for 3 Months as Milei Cuts Inflation to 32.4%
Updated
Updated · Financial Times · May 29
Peter Thiel Moves Family to Argentina for 3 Months as Milei Cuts Inflation to 32.4%
3 articles · Updated · Financial Times · May 29
Summary
Peter Thiel has temporarily moved his family to Buenos Aires for about three months, enrolled his children in a private school and bought a six-bedroom mansion in Palermo Chico.
Milei’s libertarian agenda drew him in: Thiel met the president in April, asked about the durability of his reforms and wealth taxes, and wants to watch the “democratically elected libertarian exercise” up close.
Argentina’s policy shift has been dramatic under Milei, with public spending cut by more than a quarter and annual inflation falling from a 290% peak to 32.4% in April.
Thiel has also bought land near Punta del Este in Uruguay and met key Milei allies including Luis Caputo and Federico Sturzenegger, extending his long-running push to build bases outside the US.
The move comes as Milei remains favored for next year’s election despite approval sliding from the mid-40s to the mid-30s amid rising unemployment, weaker real wages and a corruption scandal.