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The Secret Millionaire: How A Secretary Made (and Gave Away) A Fortune

Maybe the first clue Sylvia Bloom was different was that she didn’t change her name when she got married. That was back in the 1940s, long before it was commonplace....

Maybe the first clue Sylvia Bloom was different was that she didn’t change her name when she got married. That was back in the 1940s, long before it was commonplace. But beyond that, everything else about her seemed normal, conventional. That is, until a couple of days ago.

For 67 years, Bloom worked as a legal secretary for a Wall Street law firm, and died shortly after her retirement in 2016. She was remembered at her company for her warm intelligence, her humor and wit. But with an announcement earlier this week, many inside and outside her office will remember her for something else: the $6.24 million she left in her will to Henry Street Settlement, a non-profit that helps disadvantaged youth succeed in college.

The size of the gift was particularly astonishing because her family and friends never realized she was quietly amassing a fortune while living on a modest salary. Her trick: Whenever one of her lawyer bosses directed her to buy stock for him, she would buy a smaller amount for herself. Her shrewdness paid off, and thousands of low-income students will benefit, through the scholarships her donation will fund.

We love that Bloom was the secret millionaire on the clerical staff and the big-hearted philanthropist who demonstrated that any of us can make a huge impact in the world.

–Jeannie Ralston

 

Author

  • Jeannie Ralston, Founder NextTribe

    Jeannie Ralston is the founder and CEO of NextTribe. She's been a writer all of her adult life--publishing in National Geographic, Smithsonian and almost all the women's magazines. Her travel stories have appeared in Travel + Leisure, Conde Nast Traveler, National Geographic Traveler, Budget Travel, and the New York Times. She is the author of The Unlikely Lavender Queen and The Mother of All Field Trips.

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