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A young Russ Gremel decided to buy about $1,000
worth of stock in a Chicago-based pharmacy chain, nearly 70 years
Russ figured people would always need medicine and w...
A young Russ Gremel decided to buy about $1,000 worth of stock in a Chicago-based pharmacy chain, nearly 70 years ago.
Russ figured people would always need medicine and women would always buy makeup. He planned to hold onto that stock for a long time, as an investment.
As Russ grew older, Walgreens, the pharmacy in which he had invested in, grew exponentially. And by the time he hit his late 90s, the stock was worth over $2 million.
Russ Gremel, now 98-years old, donated all of it to the Illinois Audubon Society to protect the wetlands which is using the funds to help establish a nearly 400 acre wildlife refuge near Dixon and Amboy so that people could come out and enjoy the nature the way he did as a kid.
He is a simple man with no one knowing him as millionaire the entire time until his donation.
You have to do something good in this world , thats what money is for. Besides, he says, he's already had a "hell of a good life" without it.