Photo: ReutersControversial American billionaire, Trump donor and venture capitalist Peter Thiel has taken New Zealand citizenship and quietly acquired a Wanaka lakefront estate. Property records show that Mr Thiels' New Zealand-registered company Second Star bought a 193ha Glendhu Bay farm in 2015 described as a vacant lifestyle block. The price paid for the Lake Wanaka property was not disclosed in documents, but the property had a rateable value of $7.8 million. The property, eight minutes' drive from Wanaka, is on the Glendhu Bay-Mt Aspiring Rd, near the Glendhu Bay Motorcamp. Property records show the Glendhu Bay property was classed as a "pastoral-fattening" property and "uneconomic".

Source: Otago Daily Times January 24, 2017 05:15 UTC