RonJohn
Helluva Engineer
- Messages
- 4,989
Good for him.Here’s an anecdote for you….I have an elderly friend who is perhaps one of the largest commercial real estate developers in Georgia. You would perhaps recognize his name if I mentioned him. He and his wife live in a 1200 sq ft cabin on a creek in north Georgia. There is nothing about his lifestyle that would give away that he is worth millions.
Oh, and he went to Tech.
There are several examples of living so far below a person's means that it is probably pushing things to far. Probably the most extreme that I know if is a story I remembered from long ago, and looked it up. The article I read at the time discussed this couple in more detail. If I remember correctly, they lived in a row house in Philadelphia. They drove a few years old Cadillac. The lady was a member of the neighborhood gardening club. The man died, and then a few years later the woman died. She left $1 million to the gardening club, whose members told the reporter I read that the weren't aware that the couple had $1million. In the article I linked to, it describes the couple telling the director of a science history organization that they were putting the organization in their will. He politely thanked them. When she died, the organization received more than $100 million. They started investing with Warren Buffet in the 50s. The couple's net worth when she died in 1998 was over $750 million, but nobody knew about it. (not really nobody because Berkshire Hathaway did know)
FOLLOWING BUFFETT MAKES BIG PHILANTHROPISTS OF 2 TEACHERS
There were few clues while they were alive that the professor at Polytechnic University in Brooklyn and his wife, a former teacher, were anything but an ordinary faculty couple. But by the time the…
www.chicagotribune.com