Silicon Valley Super-Rich Head south to Escape from a Global Apocalypse

Hayden Donnell reports for The Guardian:

Image result for Global Apocalypse new zealandAt the Republican party convention in Cleveland last July, Trump donor Peter Thiel declared himself ‘“most of all, proud to be an American”. So it came as something of a surprise for New Zealanders to discover that the PayPal co-founder and Facebook board member had become an honorary Kiwi – joining a growing band of wealthy Americans seeking a haven from a possible global apocalypse.

Thiel was recently revealed to have bought a £4.5m lakeside property near the New Zealand town of Wanaka in 2015. When New Zealand Herald reporter Matt Nippert asked why Thiel had been allowed to buy land that appears to fit the classification of “sensitive” without permission from the country’s Overseas Investment Office, he was told it wasn’t necessary – Thiel was already a citizen.

The revelation was met with confusion. By the time of his appearance at the Republican convention, Thiel had already bought 193 hectares of pristine South Island land using his rights as a Kiwi. Politicians asked why a billionaire most famous for adamantly supporting Donald Trump and bankrolling the lawsuits that bankrupted Gawker Media had been allowed not only to buy land in New Zealand, but to make the country part of his future and identity. Winston Peters, leader of the New Zealand First party, accused the National government of “selling citizenship” to foreigners.

Thiel, who retains his American citizenship, in fact became a joint US-New Zealand citizen in 2011 and has described the country as “Utopia”, investing heavily in business start-ups.

READ MORE…

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: