Peter Thiel has amassed a $5 billion tax-free fortune by using a tool that remains ever popular in the US: the Roth IRA. ProPublica has launched a series of articles exposing wealthy investors' strategies after having received confidential IRS tax return data. These articles can provide us with useful insight into powerful investing strategies, including how Peter Thiel was able to grow his Roth IRA holdings to a staggering $5 billion after only a single $1,700 contribution less than 25 years ago. Thiel's strategy is / was not without controversy, and this video explores how Thiel was able to become "Lord of the Roths," as ProPublica deemed the billionaire venture capitalist.
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Timestamps
0:00 - Peter Thiel's Roth IRA
0:21 - What is a Roth IRA?
0:59 - Learning From Peter Thiel
2:05 - How Did ProPublica Get This Information?
2:52 - Contribution Limits on Roth IRAs
3:45 - Peter Thiel's Founder Shares of PayPal
7:30 - Thiel's PayPal Payout
8:47 - Reinvesting Into More Startups
11:42 - The $5 Billion Roth IRA
12:10 - Backdoor Roth IRA
13:32 - Lessons to Learn from Peter Thiel's Strategy
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Peter Thiel's $5 Billion Tax Free Fortune
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