CHICAGO (Fox 32 News) - A Chicago man who bought $1,000 worth of stock 70 years ago grew that money into millions, and has donated the money to create a wildlife sanctuary.
Russ Gremel, 98, never married and never had kids. He bought $1,000 worth of Walgreens stock decades ago, and kept it. Today, it's worth about $2 million, reported the Chicago Tribune.
Gremel donated the money to the Illinois Audubon Society. This weekend, the group dedicated the 400-acre Gremel Wildlife Sanctuary near Dixon, Illinois.
"You have to do some good in this world, that's what money is for," Gremel told the Tribune.
tuctrohs on June 5th, 2017 at 01:38 UTC »
"to wildlife" really means "to create a wildlife sanctuary," in case anyone had concerns about a bear now owning the stock and the resulting bear market.
CigarInMyAnus on June 5th, 2017 at 01:27 UTC »
That is about a $11,000 initial investment in WAG stock in today's money with a 7.72 real rate of return if anybody is curious.
lasserith on June 5th, 2017 at 01:18 UTC »
Was confused at what kinda yolo this was. Walgreens over seventy years. Nice of him to give it away.