Mr. Smith, a 78-year-old lifelong Hinsdale resident, said in an interview that he met Mr. Holt sometime in the 1970s. Eventually, Mr. Holt moved into a mobile home on a tract of land that Mr. Smith owned, and lived there for a time with a widow who owned the home. Mr. Holt did odd jobs for Mr. Smith over the years, like clearing brush, plowing snow and other maintenance tasks. This left Mr. Holt with a small nest egg that he invested in several mutual funds with a broker in Keene, N.H. One was what Mr. Smith described as a communications fund. In 2000 or so, Mr. Holt revealed his wealth to Mr. Smith.

Source: Forbes November 23, 2023 14:31 UTC