Q Buffett’s friend and fellow philanthropist, Chuck Feeney, also pledged to rid himself of his wealth and possessions – and he’s almost done it. The co-founder of retail giant Duty Free Shoppers, Feeney has spent the past four decades donating $US8 billion to charities, universities and foundations, and seems intent on dying broke. Today, aged 90, he has no car or luxuries, wears a plastic $US15 watch and lives with his wife, Helga, in a small rented San Francisco apartment that “has the austerity of a freshman dorm room”. Feeney, the true “homeless billionaire”, has often been asked why he did it, when so few others feel the same urge. He always has the same reply: “It was the right thing to do.” https://www.afr.com/wealth/people/why-the-homeless-billionaires-club-is-adding-a-new-member-20210929-p58vm4 UQ
The co-founder of retail giant Duty Free Shoppers, Feeney has spent the past four decades donating $US8 billion to charities, universities and foundations, and seems intent on dying broke. Today, aged 90, he has no car or luxuries, wears a plastic $US15 watch and lives with his wife, Helga, in a small rented San Francisco apartment that “has the austerity of a freshman dorm room”.
Feeney, the true “homeless billionaire”, has often been asked why he did it, when so few others feel the same urge. He always has the same reply: “It was the right thing to do.”
https://www.afr.com/wealth/people/why-the-homeless-billionaires-club-is-adding-a-new-member-20210929-p58vm4 UQ