* slow clap *
"In 2021 it was revealed by ProPublica that Thiel had purchased 1.7 million founders shares in the entity that would become PayPal using $1,700 in a Roth IRA in 1999. Due to the rapid growth in the value of the shares as PayPal grew and was later acquired by eBay, it allowed Thiel to turn his $1700 Roth IRA into an account worth more than $5 billion as of 2019. Most of this increase in the value of the Roth was due to him re-investing his PayPal proceeds into companies like Palantir and Facebook which grew quickly after his investment. If Thiel waits until 2027, he can withdraw the entire $5 billion+ amount tax free."
"In 2021 it was revealed by ProPublica that Thiel had purchased 1.7 million founders shares in the entity that would become PayPal using $1,700 in a Roth IRA in 1999. Due to the rapid growth in the value of the shares as PayPal grew and was later acquired by eBay, it allowed Thiel to turn his $1700 Roth IRA into an account worth more than $5 billion as of 2019. Most of this increase in the value of the Roth was due to him re-investing his PayPal proceeds into companies like Palantir and Facebook which grew quickly after his investment. If Thiel waits until 2027, he can withdraw the entire $5 billion+ amount tax free."