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slayer828 t1_jcmfgbh wrote

Reply to comment by [deleted] in Peter Thiel says he had $50M in SVB when it collapsed. by PossessionStandard42

How? Roths are supposed to have a yearly cap...

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[deleted] t1_jcmgawj wrote

[deleted]

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EeZTarget t1_jcp0i2f wrote

PayPal was never worth pennies, but he was able to give it to himself for a fraction of a penny because he was a founder.

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Crazy-Inspection-778 t1_jcmg8td wrote

You can buy options and other high-returning investments in them though. In this case he bought 1.7 million shares of paypal in 1999 for $1700

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