In 1982, a wealthy businessman quietly set a goal - to secretly give away his entire fortune. Now, 38 years later, he has achieved his goal at the age of 89.
Chuck Feeney made his money in the duty-free shopping business, building a nestegg of $8 billion over the course of his life. You’d never know though. He doesn’t own a car. He rents a small apartment, flies economy, and owns only one pair of shoes.
He quietly set up a philanthropic foundation to give away the money, and this week the foundation finally ran out of money to give.
His actions inspired Bill Gates and Warren Buffett to establish the “Giving Pledge” for the world’s richest people. Those who take the pledge commit to giving at least half of their fortune away to charity.
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