Great Depression (1929)

Chicagoan, 98, donates Walgreens shares he bought decades ago — now worth $2 million

Chicagoan, 98, donates Walgreens shares he bought decades ago — now worth $2 million

Nearly 70 years ago, a young Russ Gremel decided to buy about $1,000 worth of stock in a Chicago-based pharmacy chain.

He figured people would always need medicine and women would always buy makeup. He planned to hold onto that stock for a long time, as an investment.

As Gremel grew older, that pharmacy chain, Walgreens, grew exponentially. By the time Gremel hit his late 90s, the stock was worth more than $2 million.

Still, he didn't cash out. Instead, the now 98-year-old Chicagoan donated the stock to the Illinois Audubon Society, which is using it to help establish a nearly 400-acre wildlife refuge near Dixon and Amboy that will be dedicated in his name...

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