Man donates Walgreens shares he bought decades ago — now worth $2 million

posted by Chris Carmichael -

70 years ago, a man named Russ Gremel, invested $1000 in a Chicago based pharmacy chain. 

According to the Chicago Tribune

He thought it was a good investment because he figured people would always need medicine and women would always buy makeup. 

As Gremel grew older, that pharmacy chain, Walgreens, grew exponentially. By the time Gremel hit his late 90s, the stock was worth more than $2 million.

Still, he didn't cash out. Instead, the now 98-year-old Chicagoan donated the stock to the Illinois Audubon Society, which is using it to help establish a nearly 400-acre wildlife refuge that will be dedicated in his name. 

Click here to read more.

Comments

title

Content Goes Here

This ad will close in X seconds.