The Beach Bum

There is a man at Wasaga Beach who we affectionately refer to as "the beach bum". My family has been vacationing in Wasaga beach since 1989 and every year since we began going to the beach in the summer we have seen "the beach bum". Even to the extent that when we go there for the day we see him, which is really kind of cool considering the chances of seeing him in the 2-4 hour span we find ourselves in Wasaga is quite miniscule.
We have a theory that the beach bum is in fact a very wealthy man who just chooses to spend his summers wandering the beach aimlessly (seems like a good existence to me) because he has lived there this long without a problem and he has a rather large belly on him which leads us to believe he certainly doesn't starve.
He wears ratty shorts, sandals and sometimes a t-shirt which if he is not wearing he has slung over his shoulder.
This summer we found out there may be some merit to our theory, we found out the man's name is Paul, we found this out from a bank teller at the TD bank in Wasaga where Paul was doing his banking. The teller was very friendly to Paul and he to her, despite his shaggy appearance.... So perhaps she was friendly to him because of his millions in savings. LOL