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Grace Groner, a secret millionaire surprised Lake Forest College, her very own alma mater by leaving $7 million of her fortune. Based from the record, Groner’s life doesn’t really sound like a millionaire.
She graduated at Lake Forest College in 1931, in the throes of the depression; she found a job as a secretary for Abbott Laboratories, where she would work for the next 43 years. In 1935, she invested in three shares of the company’s stock, each then worth $60. That decision made her a millionaire seven times over. But her riches didn’t change the course of her life. She never altered her lifestyle to reflect her growing bank account. Almost no one knew of her wealth. Grace Groner lived as a secret millionaire in a modest, sparsely-furnished one-bedroom house.
Groner’s action of donating her fortune reminds everyone of another secret millionaire in the name of Warren Buffett, CEO and chairman of Berkshire Hathaway, whose fortune is estimated at $40 billion.
When she died at the age of 100, she shocked the world by leaving her alma mater such wealth.
The money is going into a foundation that will enable many of Lake Forest’s 1,300 students to pursue internships and study-abroad programs they otherwise might have had to forgo. It will be an appropriate memorial to a woman whose life was a testament to the higher possibilities of wealth
like many people who lived through the Great Depression; Grace Groner was exceptionally restrained with her money, SAID ONE OFFICIAL OF THE College.
