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Don't feel too bad for this guy ... the 96-year-old songwriter behind the tearjerker "Oh Sweet Lorraine" (which he wrote about his recently deceased wife of 75 years) is rolling in dough after his song skyrocketed to the top of the charts, TMZ has learned.
The song has already sold more than 100,000 copies on iTunes, more than Justin Timberlake and Miley Cyrus' latest singles ... earning $.70 on the dollar.
A little background: Fred submitted the song's lyrics for a recent competition in Illinois, and the story about Fred and his wife caught fire on the Internet.
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