Inspirational Story of Mr. Ronald Read | What he did with his 8 Million $ fortune
Inspirational Story of Mr. Ronald Read | What he did with his 8 Million $ fortune
How a janitor amassed an $8,000,000 fortune.
Mr. Read died in 2014 at the age of 92.
What happened shortly after his death completely shocked everyone.
After he passed away, it was made known that Mr. Read was worth almost $8,000,000.
Everyone who knew him was absolutely shocked and had no idea he had that kind of money.
What everyone didn't know is that Mr. Read had a big hobby.
That hobby was investing. He didn't do it because he wanted to be rich and have a fancy life.
He invested because he loved the game of it.
After he found his first investing book at the local library, he was hooked.
Ronald Read liked investing in blue-chip companies that he understood.
Companies like
$JNJ
$JPM
When Ronald Read died in 2014, he had amassed an $8,000,000 portfolio.
Of that, he left $2M to his family and friends.
$4.8M to the local hospital, where he loved to go to the cafe for breakfast.
And $1.2M to the local library, where he learned how to invest.
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