Billionaire PayPal co-founder Peter Thiel has lost his bid to build a multi-million dollar 'eco-lodge' in a beauty spot after coucillors ruled it would have too-great an impact on the environment. Thiel, who is worth an estimated $7.7billion, had been applying to build a sprawling lodge containing a spa, 'meditation pod' and library overlooking Lake Wanaka on New Zealand's pristine South Island.But Queenstown-Lakes district council on Thursday turned down the application following outcry from environmentalists who said it would 'destroy our beautiful lake environment'.
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