Thiel Capital, founded by billionaire Peter Thiel, opens a new office in Miami as California debates a wealth tax

Thiel Capital, founded by the billionaire tech investor Peter Thiel, opens a new Miami office amid California's proposed wealth tax debate.

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• Thiel Capital opened a new Miami office amid California's proposed wealth tax debate.
• Peter Thiel, who founded Thiel Capital, bought a home in the area in 2020.
• A healthcare workers' union floated a 5% tax on CA residents with net worths exceeding $1 billion.

Thiel Capital is expanding in Miami.