American Billionaire Peter Thiel Quits New Zealand After Being Handed Citizenship

A key backer of President Donald Trump seems to have decided he no longer needs his New Zealand property or company.
American Billionaire Peter Thiel Quits New Zealand After Being Handed Citizenship
Peter Thiel, co-founder of PayPal, Palantir Technologies, and Founders Fund, holds hundred dollar bills as he speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center in Miami, Fla., on April 7, 2022. Marco Bello/Getty Images
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Peter Thiel, who was granted New Zealand citizenship after spending just 12 days in the country, is slowly withdrawing his business interests in the country and giving up on plans to build a home there.

The Silicon Valley billionaire, who is a major backer of U.S. President Donald Trump and spent US$15 million on J.D. Vance’s 2022 Senate campaign, was given citizenship in 2011 by then Internal Affairs Minister Nathan Guy, under an “exceptional circumstances” clause in the law.

Rex Widerstrom
Rex Widerstrom
Author
Rex Widerstrom is a New Zealand-based reporter with over 40 years of experience in media, including radio and print. He is currently a presenter for Hutt Radio.