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Chuck Feeney: The billionaire who gave it all away!

Charles Francis “Chuck” Feeney is an Irish-American businessman and philanthropist and the founder of The Atlantic Philanthropies, one of the largest private foundations in the world. He made his fortune as a co-founder of the Duty Free Shoppers Group, which pioneered the concept of duty-free shopping.

Chuck Feeney today is a man of no property. He and his wife Helga live in a modest rented apartment in San Francisco, after giving away $8bn fortune… He has no car or luxuries of any kind. Actually, come to think of it, he has a very nice watch. It is plastic and cost about $15.

There are no trophies or vanity photographs in the apartment to show that he has devoted his $8 billion fortune to making the world a better place.

It was always so with Feeney, a brilliant entrepreneur who became a billionaire through the company he co-founded, Duty Free Shoppers, back in the 1960s. The frugal globe-trotting philanthropist routinely flew economy class, stayed in small flats, and ordered the second-cheapest white wine in restaurants.

The key moment in Chuck’s giving career, one that was to enhance the lives of millions of people, came on November 23rd, 1984. On that day Feeney, his then wife, Danielle, and his lawyer Harvey Dale, flew to the Bahamas, a location chosen to avoid huge legal penalties for what they were about to do. They gathered in a rented conference room. At 4pm Chuck began signing a series of documents. Then they left for the airport.

While millions of Americans expressed gratitude that Thanksgiving weekend for their material blessings, Chuck Feeney felt a profound sense of relief. He had just divested himself of all that he owned, cash, businesses and shares, and placed them into a foundation he created, known today as Atlantic Philanthropies.

It was done in the utmost secrecy. Feeney continued to manage the businesses, and buy and sell properties around the world, so everyone thought he was still a billionaire, even Forbes magazine.

 

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About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298, 08056381068.

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