In this July 21, 2016, file photo, entrepreneur Peter Thiel speaks during the final day of the Republican National Convention in Cleveland. ProPublica recently uncovered that billionaire and PayPal co-founder Peter Thiel holds his PayPal shares in a Roth IRA, which could allow him to avoid taxes on the investment’s growth over the long-term. While the ultrawealthy like Thiel certainly have access to vehicles and tax strategies most of us don’t, a Roth IRA is actually designed to help the typical American household avoid or minimize taxes, too — not just the ultrawealthy.