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| Chuck Feeney |
Yesterday, I read a news article with a sense of awe. After the kilabot feeling we experienced upon hearing about the flash floods in Cagayan De Oro, Iligan and Dumaguete, reading this news article did a lot to uplift our spirits. This story tells about the anonymous donation of US$350 million to Cornell University, and the startling philosophy of billionaire Chuck Feeney, who founded Duty Free Shopping chain of retail stores (sold later to the LVMH group of luxury brands). Apparently, Mr. Feeney was already worth US$2.5 billion in the mid-1980s, and despite his riches, always travelled coach (economy section), still wears a US$15 watch, and does not own a house nor a car. Already in his eighties, his goal is to become a pauper when he dies, leaving the Atlantic Foundation, a professional managed organization, to receive his estate and administer the disposition of his wealth to worthy causes that he has identified. When asked why, he simply answered "I decided I had enough."
Hats off!
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