Grace Groner, who worked at Abbott for over 40 years, bought three shares of stock for $60 each in 1935, and through reinvesting dividends, amassed a fortune of $7.2 million by the time of her passing in 2010.
Abbott honored Grace Groner’s legacy as part of their 101-year celebration of dividend payouts, showcasing her remarkable journey from a secretary to a multimillionaire.
Despite several stock splits and her millions, Groner led a simple life, living in a one-bedroom house, shopping at rummage sales, and never owning a car.
Groner gifted her estate to Lake Forest College, supporting students through internships and international study programs, illustrating her commitment to education and philanthropy.
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