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# Lord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank
- URL: https://werd.io/lord-of-the-roths-how-tech-mogul-peter-thiel-turned/
- Published: 2021-06-24T21:04:36.000Z
- Updated: 2021-06-24T21:04:36.000Z
- Author: Ben Werdmuller
- Tags: #Import 2025-06-13 09:24

"Over the last 20 years, Thiel has quietly turned his Roth IRA — a humdrum retirement vehicle intended to spur Americans to save for their golden years — into a gargantuan tax-exempt piggy bank, confidential Internal Revenue Service data shows. Using stock deals unavailable to most people, Thiel has taken a retirement account worth less than $2,000 in 1999 and spun it into a $5 billion windfall."

\[[Link](https://www.propublica.org/article/lord-of-the-roths-how-tech-mogul-peter-thiel-turned-a-retirement-account-for-the-middle-class-into-a-5-billion-dollar-tax-free-piggy-bank)\]