PayPal co-founder and billionaire investor Peter Thiel has New Zealand citizenship, and his company has bought a large swath of property in New Zealand, the New Zealand Herald reported on Tuesday, citing property records. Thiel has been involved with New Zealand business for almost a decade now, setting up a VC firm there in 2009 and making several startup investments, according to Business Insider.
CNBC reached out to Thiel and the New Zealand government for comment, but they were not immediately available. New Zealand does allow dual citizenship, though it's unclear what arrangement Thiel may have. On Wednesday, a spokeswoman for New Zealand's Overseas Investment Office confirmed with The New York Times that Thiel showed the office documentation that proved he was a New Zealand citizen.