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Self Made Millionaire

Topic closed. 7 replies. Last post 7 years ago by grave.

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Jani Norman's avatar - fiftyways
OHIO
United States
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March 27, 2004
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Posted: April 22, 2010, 10:07 am - IP Logged

How a can collector died a secret millionaire
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Curt Degerman was a man who kept to himself. Around the town in Sweden where he lived, he could be seen riding his bike or rummaging through trash bins, collecting bottles and cans to be recycled, and eating leftover scraps of food. Like some might assume from his humble lifestyle, Curt never completed school, married, or had a family of his own. So, when he passed away in 2008 at the age of 60, many thought that Curt left little behind -- but that couldn't be further from the truth.


According to the BBC Brasil, when it came time to sort through Curt's estate, it was discovered that he had amassed a fortune totaling nearly $ 1.4 million, leaving it all to a cousin who was kind enough to visit him occasionally in the years before his death.

What no one knew was that, after making the rounds to collect recyclables from trash throughout the city, Curt spent hours in the local library pouring over financial newspapers. Over the years, he became an expert on the stock market, investing the modest sum he earned from recycling in stocks and mutual funds, valued at close to a million dollars.

Despite being more readily associated with glass and aluminum, Curt also owned 124 bars of gold. That, plus the house he lived in, put the recycling scavenger's total worth at nearly one and a half million dollars.

Sadly, after Curt died of a heart attack and his secret wealth was revealed, his extended family fought for a piece of it. Although he left his entire estate to his cousin, his 92-year-old uncle brought the matter to court claiming the money was rightfully his. Recently the case was settled out of court under unreleased terms.
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Stephen Messenger is a correspondent at TreeHugger, where this post originally appeared.

More from TreeHugger

How to Go Green : Recycling : Planet Green
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Does Recycling Really Make a Difference?

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"I am what I am by the grace of God."

Kitfany

http://www.ohiolottery.com/

    dr65's avatar - black panther.jpg
    Pennsylvania
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    May 2, 2009
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    Posted: April 22, 2010, 10:23 am - IP Logged

    Thank you Jani!

    Interesting note about the 92 year old uncle. Greed can never be too old.

      sully16's avatar - sharan
      Ringleader
      Michigan
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      October 28, 2009
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      Posted: April 22, 2010, 11:47 am - IP Logged

      I go metal detecting ,my gold gets cashed in fast.

       HyperBe Happy.

        rdgrnr's avatar - walt
        Way back up in them dadgum hills, son!
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        April 28, 2009
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        Posted: April 22, 2010, 4:51 pm - IP Logged

        We'll probably here the same kind of story when tiggs kicks the bucket.

        Except he'll have a million gift cards stuffed in his mattress have won millions in the lottery.


                                                     
                             
                                                 

         

         

         

         

                                                                                                           

        "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                    --Edmund Burke

         

         

          tiggs95's avatar - Lottery-036.jpg

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          Posted: April 22, 2010, 4:54 pm - IP Logged

          We'll probably here the same kind of story when tiggs kicks the bucket.

          Except he'll have a million gift cards stuffed in his mattress have won millions in the lottery.

          hehehehe

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            CA
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            December 26, 2009
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            Posted: April 22, 2010, 7:48 pm - IP Logged

            Pretty pointless IMO. When was he planning on using the money he had made?? He doesn't have a family of his own and with the way he lived his life it doesn't seem likely he would have gone out and bought nice things.

            What's the point of having all that money and not using it?

              DelmarvaChick's avatar - wallace
              Ohio
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              December 20, 2008
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              Posted: April 22, 2010, 8:28 pm - IP Logged

              Pretty pointless IMO. When was he planning on using the money he had made?? He doesn't have a family of his own and with the way he lived his life it doesn't seem likely he would have gone out and bought nice things.

              What's the point of having all that money and not using it?

              Maybe he just wanted to give it all away and know that he made a huge difference in one person's life?

              Maybe it became a game for him, to live like a pauper (spchk?) and make more money than he spent?

              With a little effort (or a lot depending on who you ask), free money can be found, with a lot of luck you can make it work harder for you than you do for it.

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                Norfolk,VA
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                Posted: April 23, 2010, 1:52 am - IP Logged

                nice little story...

                ''YOU CAN PAY FOR SCHOOL BUT, YOU CAN'T BUY CLASS''Thumbs Up