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Nash Riggins

Peter Thiel Took $1,700 and a Standard Roth IRA Account and Turned It Into $5 Billion. You Can Do It Too.

Peter Thiel IRA PayPal eBay

When somebody starts talking about a Roth IRA, your mind probably conjures up images of index funds, slow growth, and a comfortable retirement home. Well, billionaire Peter Thiel had a very different idea.

Instead of treating his IRA like a simple retirement vehicle, the PayPal (PYPL) and Palantir (PLTR) co-founder took advantage of the account’s tax-free growth to purchase pre-IPO shares in startups that turned out to be major household names. The result: Thiel managed to turn just $1,700 into a fortune worth roughly $5 billion.

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