Sunday, February 14, 2010

Millionaire Is Giving Away His Entire Fortune

I think I know how this guy feels. If you learn to live on whatever money is coming in, you're satisfied. But people with lots of money are rarely satisfied with the amount they have. That said, this guy obviously has a place he'll be able to live. He's not worried about where his next meal is coming from. He's not in the same boat as the hungry people of the world.

Millionaire Is Giving Away His Entire Fortune

Terence Neilan
Feb. 14, 2010

If money can't buy you happiness, what do you do? If you're Austrian millionaire Karl Rabeder, you give it all away, right down to the last penny, or, in his case, euro.

"My idea is to have nothing left. Absolutely nothing," Rabeder, 47, told The Daily Telegraph of London. "Money is counterproductive – it prevents happiness to come."

On the block, or already sold, is his luxury villa with lake in the Alps, his 42-acre estate in France, his six gliders, and the interior furnishings and accessories business that got him rich in the first place.

Millionaire Karl Rabede says getting rid of his fortune makes him feel "free."
Actually, everyone will get the chance to live the Alpine luxury lifestyle, because Rabeder has decided to raffle off his home at $134 a ticket.

When every penny of his estimated $4.7 million fortune is gone, he says, he intends to move into a small wooden hut in the mountains or a studio in Innsbruck...

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