Why does billionaire Peter Thiel want Maltese citizenship?

Why does billionaire Peter Thiel want Maltese citizenship?

Thiel appears to be collecting citizenships as an insurance policy against the volatile political situation in the United States.

Why is this important?

PayPal co-founder and early investor in Facebook Peter Thiel has a net worth of approximately $4.2 billion. In 2016, he was a major donor to Donald Trump’s political campaign. Since then, he has remained a major contributor to many players within the Republican Party, especially supporting politicians who want to reduce the global influence of the United States. But Thiel is constantly looking for safe havens if his political vision is not realized in the United States.

the details: Thiel is on his way to obtaining his fourth citizenship. Although it may not follow the rules of the Maltese government properly.

  • The billionaire, who was born in Germany and still holds German citizenship, already has an American and New Zealand passport.
  • Experts know that Maltese citizenship will not give Thiel exceptional tax benefits. But the island nation has long been popular with wealthy Saudi, Russian and Chinese citizens

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