The Man Who Gave Away $7.5 Billion
This week the Guardian reported on a very interesting man few of us have heard about. The man’s name is Chuck Feeney and he has given away $7.5 billion of his personnel wealth. The Irish-American business man made his fortune through his chain of duty free stores. He started giving away his fortune in 1984, got ‘outed’ in 1997 and is due to have given away 99% of his wealth by 2020.
Feeney is said to have inspired big time philanthropists Bill Gates and Warren Buffett and has given away 99% of his fortune to health, science, education and civil rights causes around the world. He did this through his Atlantic Philanthropies foundation. Feeney intends for all of his money to be gone by the times he goes. Chuck likes to get things done while he is still around and comments “I see little reason to delay giving when so much good can be achieved through supporting worthwhile causes today.”
In February 2011 he became a signatory of the giving pledge and stated in his letter to Bill Gates and Warren Buffet “I cannot think of a more personally rewarding and appropriate use of wealth than to give while one is living—to personally devote oneself to meaningful efforts to improve the human condition. More importantly, today’s needs are so great and varied that intelligent philanthropic support and positive interventions can have greater value and impact today than if they are delayed when the needs are greater.” Check out the Guardian article for more on this inspiring story, and/or check out this video of him below!