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