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63 - Peter Thiel's $5 Billion Roth IRA
Manage episode 296777808 series 2842806
Konten disediakan oleh Alex From Main St. Finance. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Alex From Main St. Finance atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
Today I talk about an article published by ProPublica that has since been picked up by just about all of the financial media outlets. In the midst of going through IRS documents released by a major leak, ProPublica found that Peter Thiel, one of the founders of Paypal, bought shares of Paypay within his Roth IRA in 1999 and has since grown his account to be worth $5 billion. Since those gains are within a Roth IRA, Mr. Thiel is not going to have to pay taxes on ANY of his gains and essentially will be getting his $5 billion with no taxes. Be sure to check out today’s episode to see how he did it and if you can too!
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