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For the past 38 years, he has donated funds to charities and universities around the world, with the goal of disposing of all his wealth.
This week, the 89-year-old billionaire finally achieved that goal. The Atlantic Philanthropy Foundation, which he secretly founded in 1982 and transferred most of his wealth, eventually ran out of money. When signing the documents with which he officially dissolved the foundation, Fini, visibly in poor health, said he was very satisfied to have done this “while he was still there.”
He had a message for all the other super rich people: Try it and you will like it.
He hopes other billionaires will follow suit and use their money to help solve the world’s biggest problems.
“Wealth brings responsibility,” Fini said.
Christopher Oxley, president and CEO of Atlantic Philanthropy, said Fini did not lecture his views to other members of the super-rich club. Oxley claimed that Fini would not criticize others for not giving more, but would wonder why such wealth would do no good with her.
“But I would ask them how many yachts or pairs of shoes they really need,” he said.
Oxley said Fini would encourage rich people like Jeff Bezos, the founder of “Amazon” and the richest man in the world with 186 billion dollars, to “choose the world problem and invest their wealth there and intervene.”
By the way, Finn was influenced by Andrew Carnegie’s 1889 essay “The Gospel of Wealth”, which states that “a millionaire must be a trustee of the poor.”
“I have always sympathized with people who have had difficulties in life. And the world is full of people who have nothing to eat,” Fini said in a rare interview in 2010.
Fini is known for his humble life. He has no car or house, and only one pair of shoes. Fly economy class, even if your family or business class colleagues are on the same plane. Oxley, who has worked for Fini for more than 30 years, says his boss once tried to live luxuriously, but it didn’t work out.
He had nice houses and other things. He tried, but it wasn’t for him. He has no real estate or a car. The stories about his modesty are true. He has a $ 10 Casio watch and carries his papers in a plastic bag. “That’s what suits him, that’s what Chuck really is,” Oxley said.
Fini decided to give up his fortune in the early 1980s, when his “Duti Free Shop Group” (DFS) business empire, which has more than 430 stores at 11 airports, generated huge revenues. He secretly transferred his shares in the company to the “Atlantic” foundation.
“What am I going to do with all that (money)?” Many rich people today have so much money that they won’t be able to spend it, “he once said.
However, his thoughts were different from those of Robert Miller, his partner, co-founder of DFS. Miller has luxury properties in Hong Kong, New York, Paris, Gstaad, as well as properties in Yorkshire. Her three daughters are known in high society: the Crown Princess of Greece Marie Chantal, Alexandra Miller and Pia Getty.
Miller and Fini have not spoken since the latter sold his shares in 1996. A dispute with Miller forced Fini to reveal the existence of a secret foundation due to the lawsuit.
Over the years, Fini has donated nearly $ 4 billion to educational institutions, including nearly $ 1 billion to Cornell University, where he studied hotel management for free after serving as a radio operator in the Korean War. . He gave $ 870 million to human rights groups and donated almost $ 2 billion to projects in Ireland and Northern Ireland, where he came from. Your donation was key to founding the University of Limerick.
Fini has five children, four daughters and one son, with his first wife Daniel. She ordered her sons to work during the summer as waiters or valet. He later married former secretary Helga.
Their generosity prompted Bill Gates and Warren Buffett to launch the “Oath to Give,” under which the super-rich are required to donate at least half of their funds to charity.
I remember meeting Finny before The Oath started. He told me that we should encourage people to not only give 50 percent, but as much as possible during their lives. No one is a better example than Chuck. They tell me how it inspired them. It’s amazing, “Gates said, describing Finny as his hero.
Kurir.rs/Gardijan
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