Relocation coincides with proposed laws that opponents say would entrench power of US tech billionaires in country

Dozens of protesters converged on Peter Thiel’s mansion in Buenos Aires this week after a congressional session raised questions about the billionaire’s presence in the country.

In white masks, they held signs saying “Peter Thief” and “No to the Peter Thiel law” in front of the wrought-iron gates of the $12m (£8.9m) residence, which Thiel bought in April as he moved his family to Argentina.

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© Photograph: AFP/Getty Images

© Photograph: AFP/Getty Images

© Photograph: AFP/Getty Images

The billionaire’s new roots in Argentina are said to be partly motivated by concerns about the future of the United States and shared beliefs with Argentina’s right-wing leader.