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In recent years, prominent US billionaires, including Silicon Valley figures, have stepped up investment in luxury hideaways in New Zealand, anticipating a possible global apocalypse. For example, Peter Thiel, one of the founders of PayPal, bought a 477-acre lakefront property in Wanaka worth $13.8 million, and also bought another property in Queenstown, complete with a safe room. He also planned to build his home into New Zealand’s Mt. Alpha, but his plans have been thwarted by local planning authorities.