Due to the speedy development in the worth of the shares as PayPal grew and was later acquired by eBay it allowed Thiel to turn his $1700 Roth IRA into an account price greater than $5 billion as of 2019. In 2021 it was revealed by ProPublica that Thiel had bought 1.7 million founders shares within the entity that would turn into PayPal utilizing $1,seven hundred in a Roth IRA in 1999. Most of this increase within the value of the Roth was due to him re-investing his PayPal proceeds into corporations like Palantir and Facebook which grew quickly after his funding.
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