Real Estate

Peter Thiel files plans to build luxury lodge on New Zealand estate


Peter Thiel

Adam Jeffery | CNBC

Peter Thiel, the tech billionaire who co-founded PayPal and Palantir and backed Donald Trump’s 2016 presidential campaign, has filed plans to build a large complex on a 193-hectare (477-acre) estate that he owns on the South Island of New Zealand.

Thiel, an early investor in Facebook who sits on its board, bought the estate in 2015 for a reported $13.5 million through an Auckland-headquartered company he owns called Second Star Limited.

Plans for the complex, which were filed to Queenstown Lakes District Council and published by the council on Tuesday, show several inconspicuous buildings that blend into the landscape on the shores of the picturesque Lake…


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