Geoffrey Holt: Man Who Secretly Lived As Multi-Millionaire Leaves $3.8M To Town After Death
- Secret millionaire Geoffrey Holt from New Hampshire in the US shocked all and sundry when he left close to $4 million of his fortune to his town
- Despite being a multi-millionaire, Holt lived in a simple house without modern amenities, did not have a car and wore threadbare clothes
- In his last wishes, Holt instructed the town administrators to use the money on health, education, recreation and culture
An American man from New Hampshire who lived in a mobile home and drove a lawn mower surprised everyone when he died, as they found out that he was a secret multi-millionaire.
Source: UGC
Holt lives in simple house
According to the New York Post, the 82-year-old's house did not have any of the modern amenities such as TV, computer, or a bed with legs.
Holt, who died in June 2023, was known as the caretaker of a Hinsdale mobile home park and seldom left the town of 4,200 on the Vermont and Massachusetts border.
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The man who shunned nice designs and preferred threadbare clothes also never bothered with buying himself a car.
Holt wants $38m used for education and health
Holt's best friend, former employer and Republican lawmaker, Edwin “Smokey” Smith, learned shortly before his death that the divorced and childless man had made investments that had paid off in a big way-to the tune of $3.8 million.
“He seemed to have what he wanted, but he didn’t want much,” he said.
It turned out that Holt bequeathed his entire fortune to the tight-knit community. Although Smith had suggested that Holt think of his community, he never expected him to leave everything to them.
The octogenarian left specific instructions that the money should be spent on education, health, recreation, and culture.
“I don’t think anyone had any idea that he was that successful,” said Steve Diorio, chairperson of the town selectboard who’d occasionally wave at Holt from his car.
Holt learns saving money from dad
“I know he didn’t have a whole lot of family, but nonetheless, to leave it to the town where he lived in … it’s a tremendous gift," he added.
Town officials have since invited organisations to apply for grants of the money left behind.
"Hinsdale will utilise the money left very frugally as Holt did,” said Kathryn Lynch, town administrator.
Holt, a former production manager at a grain mill, used to comb through financial publications and had invested in a communications mutual fund before the advent of the digital age.
According to his 81-year-old sister, Alison Holt, her brother learnt the importance of investing and not wasting money from his father.
Businessman bounces kids and donates $14m fortune to charity
YEN.com.gh reported in a separate story that businessman Loh Kiong Poot will leave his $14 million fortune to 10 charities once he dies.
The successful entrepreneur grew up in a humble home and was forced to start working odd jobs at the age of 14.
He retired at age 47 after figuring he had "earned enough money" to live on for the rest of his life.
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Source: TUKO.co.ke
