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Jun 24, 2021 · Over the last 20 years, Thiel has quietly turned his Roth IRA — a humdrum retirement vehicle intended to spur Americans to save for their golden years — into a gargantuan tax-exempt piggy...
Jun 26, 2021 · PayPal co-founder Peter Thiel grew his Roth IRA from less than $2,000 in 1999 to $5 billion today. Referenced Symbols. PYPL. +1.39% BRK.B. -1.05% Roth individual retirement accounts were...
Jun 28, 2021 · PayPal founder Peter Thiel invested $2,000 in a Roth IRA in 1999 that's now worth $5 billion. Every penny of that growth is tax-free, thanks to the rules of the Roth IRA. Investing all...
Jun 25, 2021 · According to ProPublica, Thiel began the Roth IRA with his shares of his startup, PayPal, which he originally co-founded in 1998 under the name Confinity. Sen. Ron Wyden, D-Ore., chair of the...
How did PayPal's Peter Thiel grow a Roth IRA from $2,000 to $5 billion tax-free? Here's how to replicate his high-risk, high-reward investment strategy. By Equifund
Sep 17, 2021 · Peter Thiel, billionaire co-founder of PayPal, would likely need to withdraw all but $20 million of his Roth IRA, reportedly valued at $5 billion. Thiel, 53, would owe income tax on any...
Jul 11, 2021 · Peter Thiel took that approach a few steps further by parking shares of then-private startup PayPal in his Roth IRA, paying a minimal tax because the stock was effectively worthless at the time. After that, under the rules designed to encourage retirement saving, all appreciation happened outside IRS reach.
