A 61-year-old stashed Roblox shares in his IRA before the company went public — now it reportedly holds $68 million For the average American, individual retirement accounts (IRAs) and 401(k)s are a way to secure their financial future.
In 2026, the average American family has about $268,300 stashed away in an IRA
But wealthy insiders have found a way to use their business connections to reportedly supercharge their accounts, while still reaping the many tax benefits retirement accounts offer. Gregory Baszucki is one of them. According to the Wall Street Journal, the 61-year-old holds at least $68 million in retirement accounts.
Baszucki amassed the wealth by buying stakes in promising startups when the shares were worth very little. He stashed those shares in retirement accounts and watched them balloon to eight figures. Must Read He was one of more than 1,000 people with IRA balances of at least $25 million in 2024, the latest year with available data, according to the Wall Street Journal.