• some_guy@lemmy.sdf.org
    link
    fedilink
    arrow-up
    30
    ·
    5 days ago

    Chuck Feeney is unique on this list of billionaires who went broke because his substantial net worth loss was intentional. Feeney founded Duty Free Shoppers, the airport retailer, then launched private equity firm General Atlantic, accumulating a net worth of around $8 billion. He decided to give virtually all his money away to various domestic and international charities and philanthropic efforts over his last 40 years or so. In September 2020, Feeney closed down his philanthropy company, having given away his wealth, minus retirement savings for him and his wife.

    The only “good one” on the list. Also:

    Some serious crazy eyes going on there.