Peter Thiel’s $5 Billion Roth IRA June 26, 2021 Which is almost surely more than $5 billion, but first. . . If he had been just any obese 74-year-old, he might well have joined the 600,000. Instead, here’s exactly what happened. And also . . . https://andrewtobias.com/wp-content/uploads/Cassius-Clay-Muslim.mp4 In case you forgot what a superstar personality Cassius Clay was — or why he switched religions. We’ve made enormous progress; but his story remains relevant to today’s national discussion . . . and a little humor never hurts in softening hard attitudes. (Thanks, Joey.) And now . . . Peter Thiel’s $5 billion Roth IRA may be more like $7 billion or $10 billion by now — $5 billion was its value in 2019 before the pandemic swelled so many fortunes. Because it’s a Roth, the full amount can be withdrawn tax free when he turns 59-1/2. It’s legal, and thus — I would suggest — one more example of how badly we need to rethink the level at which The Most Fortunate chip in to help meet the nation’s considerable challenges. Thiel, you may recall, is the gay man who spoke at the 2016 Republican National Convention and who secretly funded Hulk Hogan’s lawsuit that put Gawker out of business for revealing Thiel was gay. (Happy Pride, everybody.*) *”NOW, THEREFORE, I, JOSEPH R. BIDEN JR., President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim June 2021 as Lesbian, Gay, Bisexual, Transgender, and Queer Pride Month. I call upon the people of the United States to recognize the achievements of the LGBTQ+ community, to celebrate the great diversity of the American people, and to wave their flags of pride high.”