Billionaire Peter Thiel bought a 193-hectare plot in Wanaka on the South Island of New Zealand half a decade ago, but he is yet to build anything on it.
— is yet to build a property on the sprawling plot that he's owned for almost half a decade, according to records held by the local authority and nearby residents.for an undisclosed price through a New Zealand registered company called Second Star, in which he is the sole shareholder.
Local residents told CNBC that they haven't seen any activity on the plot. "I have heard nothing and nothing is evident when you drive past the property or bike past it along the lakeside," said Julian Haworth, who lives in Wanaka. that wealthy Americans are activating their pandemic plans as a result of the coronavirus crisis, with some even relocating to New Zealand.
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