How Peter Thiel turned $2,000 in a Roth IRA into $5,000,000,000
June 24, 2021 at 12:16 PM EDT
Roth individual retirement accounts were created to help middle class earners set aside money for retirement that they wouldn’t have to pay taxes on at withdrawal. But PayPal co-founder Peter Thiel has used his Roth IRA to amass a $5 billion nest egg.