Millionaire Gives It All Away

Millionaire Gives It All Away

“My idea is to have nothing left. Absolutely nothing”.
Austrian millionaire Karl Rabeder is giving away every penny of his £3 million fortune after realising his riches were making him unhappy.

Mr Rabeder, 47, a businessman from Telfs is in the process of selling his luxury 3,455 sq ft villa with lake, sauna and spectacular mountain views over the Alps, valued at £1.4 million.
Also for sale is his beautiful old stone farmhouse in Provence with its 17 hectares overlooking the arrière-pays, on the market for £613,000. Already gone is his collection of six gliders valued at £350,000, and a luxury Audi A8, worth around £44,000.

His entire proceeds are going to charities he set up in Central and Latin America, but he will not even take a salary from these.

Added on: March 6th, 2012

Category: NEWS

 
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