Tin can eccentric was stocks genius with fortune
Thursday April 1, 2010, 9:02 am
An eccentric man who lived on a pittance collecting tin cans and eating scraps from rubbish bins left a secret $1.65m fortune when he died.
Curt Degerman - nicknamed 'Tin-Can-Curt' - made shrewd stock market investments with the little money he made.
The financial genius could be seen cycling around the northern Swedish town of Skelleftea dressed in a dirty blue jacket and torn trousers.
He is said to have led a frugal lifestyle but in between collecting cans and bottles from the coastal city's rubbish bins he was to be found in the city library studying the stock market in the financial papers.
"He went to the library every day because he didn't buy newspapers. He knew stocks inside out," a cousin told reporters at the time of his death, from a heart attack, aged 60, in 2008.
It was then that relatives discovered he had a portfolio of stocks and shares worth more than $1.15m.
In addition, he had purchased 124 gold bars worth $400,000, owned his own home and had more than $6,600 in a bank account. There was more than $450 in loose change inside his home.
He left the fortune to a cousin who had visited him regularly in the later part of his life.
But under Swedish law Mr Degerman's uncle was entitled to inherit the riches.
They became embroiled in a legal battle but the pair confirmed they have now reached agreement - though neither party is prepared to discuss the detail.
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