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Millionaire Gave Away Fortune After Money Didn't Buy Happiness

avatar By Jeanne Goddard

27 Nov 2011 33 views
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Millionaire Gave Away Fortune After Money Didn't Buy Happiness
Austrian millionaire Karl Rabeder is giving away every penny of his $4.6 million fortune after realizing his riches were making him unhappy. His entire proceeds are going to charities he set up for and Latin America.

Karl Rabeder, the Austrian businessman who last year decided to give away his $6.7 million fortune, because he realized money didn't make him happy, now lives on just $1,350 a month.

It was one of the most shocking headlines of 2010. A millionaire from Telfs, Austria, announced he was in the process of selling his luxury properties, sports cars and private plane because he had realized money actually prevented him from being happy. His goal was to "have nothing left, absolutely nothing"

His entire fortune went to a charity he set up called MyMicroCredit, which helps people in third world countries to start businesses.

Where is he now and what's he up to?

(READ the article w/ photos in Oddity Central)

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