Billionaire Peter Thiel amasses $5bn tax-free nest egg in retirement account
https://www.theguardian.com/technology/2021/jun/24/billionaire-peter-thiel-5bn-tax-free-savings
• ProPublica reveals files on other billionaires’ tax-free savings• Roth IRAs were originally intended for middle-class Americans
Billionaire Peter Thiel, one of the founders of PayPal, has used a retirement account designed to help ordinary Americans save for their golden years to amass a $5bn tax-free nest egg, according to records obtained by ProPublica.