Billionaire Peter Thiel amasses $5bn tax-free nest egg in retirement account

Billionaire Peter Thiel amasses $5bn tax-free nest egg in retirement account

3 years ago
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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.