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63 - Peter Thiel's $5 Billion Roth IRA
Manage episode 296777808 series 2842806
Sisällön tarjoaa Alex From Main St. Finance. Alex From Main St. Finance tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.
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!
Have ideas for a future episode? Send in an email or tweet @MainStMoney to have your idea as a future show!
My Usual Links
Website: www.MainStFinance.org
Show Email address: Mainstfinance@gmail.com
Twitter Account: @MainStMoney
YouTube Channel: https://www.youtube.com/channel/UCxWzLF_ZCgeDJ6PcIovg9ww
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