Billionaire Manages To Give Away His Entire Fortune During His Lifetime
October 11, 2023
Renowned Irish American entrepreneur and philanthropist Charles Francis "Chuck" Feeney, who selflessly dedicated his entire personal fortune to global philanthropy during his lifetime, peacefully passed away on October 9 in San Francisco at the age of 92.
The Atlantic Philanthropies
Mr. Feeney's philanthropic endeavors, orchestrated through The Atlantic Philanthropies, anonymously dispensed over $8 billion in grants across five continents.
Bill Gates hailed him as the "ultimate example of giving while living."
"I had one idea that never changed in my mind—that you should use your wealth to help people," Feeney wrote in his biography.
"Try it, you'll like it," he added. "It's much more fun to give while you are alive than to give when you are dead."
Feeney's humble beginnings during the Great Depression, growing up with Irish American parents who instilled strong values and a strong work ethic, never left him, even as he achieved great success in the business world.
Feeney made much of his fortune after co-founding Duty Free Shoppers, a chain of duty-free airport stores specializing in luxury goods.
In 1982 Feeney and his family established the Atlantic Foundation and later transferred all his business assets to it.
By the time the foundation was dissolved in 2020, Atlantic had disbursed over $8 billion in grants, primarily in regions such as the United States, The Republic of Ireland, Britain, Northern Ireland, Australia, South Africa, Viet Nam, Bermuda, and Cuba.
According to Forbes, Feeney gave $3.7 billion to education, more than $870 million went to human rights, and more than $700 million in gifts to health.
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