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Case file s1294 · Money and markets · 2014
2014
Construction signs Brooks Memorial Library 224 Main Street downtown Brattleboro VT September 2026: Construction signs on sidewalk at Brooks Memorial Library, 224 Main Street in dow
Construction signs Brooks Memorial Library 224 Main Street downtown Brattleboro VT September 2026. Artaxerxes. CC BY 4.0, Wikimedia Commons.
Died
2 June 2014
Place
Brattleboro, Vermont, USA
Field
gas station attendant, janitor; private investor · Business and finance on the timeline
Legal tradition
Vermont law of wills; charitable bequest
Historical event
Post-war US bull market

A Vermont gas station attendant and janitor left more than $8 million in stocks, and his stepson had no idea

Ronald Read grew up in Dummerston, Vermont†, and served in the Army in Italy in the Second World War. He worked about 25 years at Haviland's Service Station in Brattleboro, which he later co-owned, then 17 years as a part-time janitor at J.C. Penney. His wife died in 1970, and he did not remarry. He drove a second-hand Toyota Yaris and held his winter coat together with a safety pin. His lawyer said his two hobbies were investing and cutting wood. He read The Wall Street Journal and Barron's and bought blue-chip stocks, avoiding technology companies. He held at least 95 stocks and kept the certificates in a safe deposit box, in a stack five inches high†. He died at Brattleboro Memorial Hospital in 2014, aged 92. His estate was more than $8 million. His stepson, Phillip Brown, said he had no idea how much Read had. Read left $4.8 million to Brattleboro Memorial Hospital and $1.2 million to Brooks Memorial Library, both unrestricted. The library first restored opening hours the town had cut in budget reductions and invested the rest as an endowment, spending only the income. A hospital expansion partly paid for by his gift, the Ronald Read Pavilion, opened in 2022†.

What the law took from it

An unrestricted bequest lets a small institution decide the use itself; the library spent it first on the hours the town had cut.

Record vs. record

The Rutland Herald puts his individual bequests at about $200,000; Wikipedia says $2 million went to stepchildren, caregivers and friends:

Cite as: celebrity.estate, “A Vermont gas station attendant and janitor left more than $8 million in stocks, and his stepson had no idea,” story s1294, https://www.celebrity.estate/ronald-read-2014, updated 30 October 2026.

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