The billionaire who never had his own house or car and donated all his money to poor children

The billionaire who never had his own house or car and donated all his money to poor children

True story: This is the founder of Duty Free. He himself donated eight billion euros to charities. He never had his own house or car. Also, the watch he wears is Casio. In more detail:

True story: How it begins

In 1960, Charles “Chuck” Finney and his friend Robert Miller founded the Duty Free Shoppers retail chain. It managed, over the years to win the first and best place in most airports in the world.

His fortune quickly became untapped. But he knew from an early age that luxuries and expensive living left him coldly indifferent. He spent all his years leading a simple and straightforward life. About 4 decades ago he pledged to donate all his fortune to charities. He did it before he passed away.

Fini managed to keep his promise, doing a great deed. Through the staff of the “Atlantic Philanthropies” foundation, he donated the huge amount of eight billion dollars to many different charities. He also donated money to universities around the world. He currently retains a small portion of his personal fortune for himself and his wife, Helga, with whom he has been married since 1980.

True story: The sequel

The 89-year-old Fini throughout his life has never bought his own car or house, lives all his years in a rented apartment, always flies with an economy class ticket and wears a plastic watch of the emblematic brand Casio.

The famous American magazine Forbes, which this week published an extensive article on Fini’s special case, reveals that the former billionaire offered all his fortune to those in real need, keeping little for the last years of his life.

As a philanthropist, Fini created the slogan “Giving while living”, in order to distribute his fortune before he gives up his last breath. “We learned a lot. We would do some things differently, but I am very satisfied. I feel very good that I saw it completed. Thank you to everyone who participated in this trip. “For those wondering about Giving While Living: Try it, you’ll love it,” he told Forbes.

True story: The end

In 2012, he estimated that he had set aside around two million dollars for the pension of himself and his wife. In other words, he had donated 375,000% more money than his current fortune. And he gave them anonymously. While many wealthy philanthropists recruit an army of public relations officers to trumpet their donations, Fini made great efforts to conceal his own. And because of his secret, global charity campaign, Forbes christened him “James Bond of Charity,” writes the magazine’s journalist, Steven Bertoni, in his tribute to the former billionaire.

He continues: “But Fini became a common mortal again. The man who amassed a fortune selling luxury goods to tourists and later set up private equity firm General Atlantic now lives in a San Francisco-style apartment whose austerity is reminiscent of a freshman dorm room. When I visited him a few years ago, photos of friends and relatives printed on an inkjet printer hung on the walls above a simple wooden table. On the table was a small plaque of honor that read: “Congratulations to Chuck Finney on his $ 8 billion charity donation.”

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