‘Oh my God’: This secretary in Illinois built a $7M fortune starting with $180. Here’s the one powerful technique that made Grace Groner rich — and can change your life too

Grace Groner lived and worked in Illinois for her entire 43-year career. She was a secretary at Abbott Laboratories and lived a modest life in a small one-bedroom cottage. However, when she passed away in 2010, the 100-year-old left behind a $7 million fortune, which she left to her alma mater, Lake Forest College.

Groner was able to build her fortune by purchasing three shares in the company when she was first hired in 1935. Over time, she used the dividends to buy more shares in Abbott, turning a $180 investment into a $7 million fortune.

For more information see Jing Pan “’Oh my God’: This secretary in Illinois built a $7M fortune starting with $180. Here’s the one powerful technique that made Groner rich— and can change your life too” Yahoo! Finance, April 28, 2023.

Special thanks to David S. Luber (Florida Probate Attorney) for bringing this article to my attention.

https://lawprofessors.typepad.com/trusts_estates_prof/2023/05/grace-groner-lived-and-worked-in-illinois-for-her-entire-43-year-career-she-was-a-secretary-at-abbott-laboratories-and-lived.html