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...20 years, Peter Thiel quietly turned his Roth IRA into a gargantuan...

Onion Bluesky

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Over 20 years, Peter Thiel quietly turned his Roth IRA into a gargantuan tax-exempt piggy bank.

Using stock deals unavailable to most people, the billionaire took a retirement account worth less than $2,000 in 1999 and spun it into a $5 billion windfall.

(Published 2021)

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Source: at://did:plc:kkf4naxqmweop7dv4l2iqqf5/app.bsky.feed.generator/news-2-0
Author: ProPublica (@propublica.org)
 
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