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Some of the Largest Roth IRAs in Existence -- and What You Can Learn From Them

TheMotleyFool

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Some of the Largest Roth IRAs in Existence -- and What You Can Learn From Them: https://g.foolcdn.com/editorial/images/692887/lady-views-laptop-in-private-jet.jpg

In 1999, Peter Thiel contributed $1,700 into a Roth IRA, using that money to purchase 1.7 million shares of a start-up at one-tenth of a penny per share.

That start-up's name? PayPal. When it was sold to online auction giant eBay for $1.5 billion in 2002, Thiel raked in a windfall of $28.5 million. In the years to follow, the Silicon Valley venture capitalist would reinvest his Roth IRA's millions into several high-flying start-ups, including Palantir and Meta Platforms.

By 2008, Thiel's Roth IRA would be worth $800 million. And by 2019, it would be worth $5 billion -- making it the largest IRA known to exist.

Source Fool.com

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