Tech entrepreneurs are purchasing vast tracts of land in Argentina’s Mendoza province as a refuge against potential global conflicts, according to reporting by the Financial Times. Spearheaded by tech founder Martín Varsavsky, investors have spent almost $10 million developing the Wamani ranch, citing the region’s geographic isolation and distance from nuclear missile targets as insurance against a third world war.
Inside the Wamani Ranch Project in Far-West Argentina
Located in the foothills of the Andes across a 32,000-hectare expanse, the Wamani ranch features prefab homes, geodesic domes, and an airstrip. Varsavsky purchased the property in December 2023 with five co-investors, including tech entrepreneur and Milei’s ambassador to Washington Alec Oxenford and Kind snack bar founder Dan Lubetzky, according to the Financial Times.
The group’s goal is self-sufficiency. Buildings utilize solar panels, and plans include acquiring cattle and evaluating solar-powered computers to download large language models for localized internet access during a global server collapse, Varsavsky told the Financial Times.
The Silicon Valley Exodus to Argentina Following Milei’s Election
Varsavsky’s project coincides with a broader influx of wealthy tech figures drawn to Argentina following the election of libertarian President Javier Milei. Peter Thiel purchased a mansion in Buenos Aires in April and relocated his family there temporarily, according to the Financial Times. Thiel and Varsavsky both concluded that Argentina offers the safest haven in the event of a global conflict, Varsavsky noted.
Immigration consultants report that Milei’s administration is preparing a citizenship-by-investment scheme aimed at attracting high-net-worth individuals seeking a doomsday refuge. Eric Major, founder of Latitude Group immigration investment advisers, stated that his firm advised the government to position the country similarly to New Zealand’s expedited residency permits.
Local Reception and Environmental Challenges at Wamani
Residents in nearby Eugenio Bustos have expressed skepticism regarding the land purchases. A local gas station attendant told the Financial Times that buying large amounts of land without a commercial plan feels unusual. Meanwhile, park ranger Camila Martínez noted that despite local rumors, the project actively conserves the surrounding landscape.
The rugged terrain also presents logistical hurdles. Mendoza frequently experiences fierce winds tied to Andean temperature shifts, and climate change is projected to increase future water stress in the area, according to the Financial Times.
Frequently Asked Questions
What is the Wamani ranch?
Wamani is a 32,000-hectare property in far-west Argentina developed by tech entrepreneur Martín Varsavsky and co-investors as a self-sufficient refuge against potential global catastrophes.
Who are the investors behind Wamani?
The project is backed by Martín Varsavsky alongside five other US and Argentine businessmen, including Alec Oxenford and Dan Lubetzky, according to the Financial Times.
Why are tech billionaires buying land in Argentina?
Investors view Argentina as a safe haven from nuclear conflict and global instability due to its geographic remoteness, abundant natural resources, and distance from major missile targets.
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