Rags to Riches

A 63-year-old homeless Russian man has gone from street life to stock market trader after collecting thousands of empty booze bottles for cash, a popular Russian tabloid reported on Tuesday.

Pictured in a majestic purple suit and matching violet jewelry, Leonid Konovalov told the Tvoi Den paper he collected around 2,000 bottles a day over the past year since the economic downturn hit Russia last autumn.

"Russians are drinking a little bit more due to the crisis, and this helped me get out of the rubbish dump," said Konovalov, an ex-engineer from the industrial city of Kemerovo in eastern Siberia who has spent the last 20 years living in a tip.

Russia's many homeless are often seen rooting through rubbish for bottles and tins, which they can trade for money. A glass bottle can fetch about 2 roubles ($0.06).

The bearded former tramp said he was encouraged by his two grandchildren to take risks on the stock market and said his first transaction was a 50,000 euro ($74,120) share-purchase.

[http://www.nydailynews.com/money/work_career/2009/10/13/2009-10-13_rags_to_riches_homeless_man_makes_fortune_collecting_empty_booze_bottles_for_cas.html]