Tramp who scavenged bins was financial genius
Published 31/03/2010 | 05:00
A tramp who scavenged cans for recycling in a Swedish coastal town secretly amassed a fortune of more than €1.12m, writes Fiona Govan.
Unbeknown to residents of Skelleftea, the man they called "Tin-Can Curt" was a financial genius who traded on the international markets with the small amounts he earned collecting scrap metal from bins.
Eighteen months after Curt Degerman's death, his relations have been embroiled in a legal battle over his estate.
After Mr Degerman died of a heart attack aged 60, relations discovered he had left behind a portfolio of stocks and shares worth at least €821,000 in a Swiss bank account and a safety deposit box containing 124 gold bars valued at €280,000.
Mr Degerman, who spent little money and ate leftovers from the bins of fast food restaurants, made his investments after studying newspapers.
Clothed in torn trousers and a filthy blue anorak, he would pore over the financial pages of the dailies in the town's public library.
His family said Mr Degerman had been a very clever child with a bright future but dropped out of school in his late teens after a personal crisis. (© Daily Telegraph, London)