The Billionaire Who Wanted To Die Broke Is Now Officially Broke | Forbes
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- Опубликовано: 20 окт 2020
- Charles “Chuck” Feeney, 89, who cofounded airport retailer Duty Free Shoppers with Robert Miller in 1960, amassed billions while living a life of monklike frugality. As a philanthropist, he pioneered the idea of Giving While Living-spending most of your fortune on big, hands-on charity bets instead of funding a foundation upon death. Since you can't take it with you-why not give it all away, have control of where it goes and see the results with your own eyes?
Over the last four decades, Feeney has donated more than $8 billion to charities, universities and foundations worldwide through his foundation, the Atlantic Philanthropies. When I first met him in 2012, he estimated he had set aside about $2 million for his and his wife's retirement. In other words, he's given away 375,000% more money than his current net worth. And he gave it away anonymously. While many wealthy philanthropists enlist an army of publicists to trumpet their donations, Feeney went to great lengths to keep his gifts secret. Because of his clandestine, globe-trotting philanthropy campaign, Forbes called him the James Bond of Philanthropy.
On September 14, 2020, Feeney completed his four-decade mission and signed the documents to shutter the Atlantic Philanthropies. The ceremony, which happened over Zoom with the Atlantic Philanthropies’ board, included video messages from Bill Gates and former California Gov. Jerry Brown. Speaker of the House Nancy Pelosi sent an official letter from the U.S. Congress thanking Feeney for his work.
At its height, the Atlantic Philanthropies had 300-plus employees and ten global offices across seven time zones. The specific closure date was set years ago as part of his long-term plan to make high-risk, high-impact donations by setting a hard deadline to give away all his money and close shop. The 2020 expiration date added urgency and discipline. It gave the Atlantic Philanthropies the time to document its history, reflect on wins and losses and create a strategy for other institutions to follow. As Feeney told me in 2019: “Our giving is based on the opportunities, not a plan to stay in business for a long time.”
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I am willing to help all other billionaires who would like to die broke.
Start a charity
😅🤣😂
@@X2017b you didn't get the joke ?. 😂🤣😅
Hahaha!
Amen
My father had gotten one of his scholarships and he was able to have the opportunity to immigrate to America. I am eternally grateful for this man generosity and philanthropy, he has changed my life and my families.
And set a great example for other people too!
Sell that ye have, and give alms; provide yourselves bags which wax not old, a treasure in the heavens that faileth not, where no thief approacheth, neither moth corrupteth.
@UndervaluedBusiness My father was from vietnam
@UndervaluedBusiness Furthermore then we beseech you, brethren, and exhort you by the Lord Jesus, that as ye have received of us how ye ought to walk and to please God, so ye would abound more and more.
@@thabongwepe5681 god is fake
Chuck Feeney : I want to die broke and as a nobody
Everyone : not on our watch, you legend
you riiiiiight
He's not actually happy with tah
He's gained all our hearts for sure
@@santiagocortez9554 now youuu heartlesss
This man should teach millennials how to be rich.
The fact that he gave that such huge sums of money without being famous is extraordinary. Great Man. God Bless him.
They don't wanna encourage this behavior
How it should be.
@@AndrewKidd14145 Thing is, we know YOU won't do it like him though. So, stop getting on that pedestal.
@@1flash3571 I would do it like him, I think money is the most evil, I donate, i know what I do now won’t matter as much as when I die so why hold on to petty things like that. I know what I do. And I do the same thing ur trying to do to me clown how do u look 😂
@@AndrewKidd14145 Stop lying to yourself and to others. WE ALL KNOW YOU WONT. People like him are a rare breed. You are just a liar who thinks, and tells others and yourself in your own twisted mind, but in reality, YOU WONT DO IT. LIAR!!!!
He isn't broke,he made himself even richer... Godspeed
Edit: thanks for the likes,wow
He is though.
@@xvii_exe he meant spiritually probably
@@kyanwang8957 not spiritually silly. He became morally and eternally richer, richer than any billionaire on this planet
Amen 🙏🏽
@@karkevicius Morality is deeply related to spirituality, so both of you are correct.
This man donated hundreds of millions to Irish universities, including the one I attended, the University of Limerick
Wait, did he really?
@@Super-gf7vx www.limerickpost.ie/2020/09/16/god-bless-chuck-feeney/
@@Super-gf7vx ruclips.net/video/OMcjxe8slYI/видео.html just watch this 🤯🤯
That’s so cool! I got accepted there, but ended up somewhere else. Is he the one behind the world’s first duty free in Shanon airport?
Do you know any?
Good-hearted man. 💯
Not all rich people are mean or stingy some love humanity and are kind people this guy deserves a noble peace prize
Still, lets not forget that paying taxes is the essence of philanthropy that keeps the social fabric in a society alive. No billionaire can take care of none-shiny mid west schools, veterans, medical aid and millions and millions of roads. That being said, it‘s certainly a good hearted man that choose to look beyond his own clan, family and friends. ♥️
@@dinoscheidt Couldnt disagree more. I'd much rather this guy give his money to legitimate charities that go to helping people instead of him paying taxes where a lot of it goes to paying useless government workers, supporting the military-industrial complex, and maybe a small amount going to actually helping people.
@@SuperHenderson13 true - the American system is maybe not the best example.... European here 👋. Though if there are discrepancies in the government system (which was set up by the people of that nation to serve these people) trying to change it is probably better than hoping for parallel private charity / billionaire aid to fix that stuff... but we’re sliding quickly into an area here where there is no right or wrong answer. 🤷🏻♂️
You can’t take it with you, so make meaningful contributions with it (referring to money here)
I wish someone would do a documentary on how his money was used and the impact it had over the years.
There´s an excellent book about it.... "The Billionaire Who Wasn't: How Chuck Feeney Made and Gave Away a Fortune Without Anyone Knowing". Amazing book.
@@pajaro71 Thanks. I'll look it up.
Have a look at this might interest you ; ) called the secret billionaire -The chuck fenney story ( short version ) You can search this on youtube .
Prob very very little impact sadly
He donated close to €200M to the university I attended in Ireland
The truest form of giving is anonymous to anonymous. Well done chuck.
How do you know his name then?
@@wronggg 😂😂😂😂😂
Synonymous to anonymous*
He paid everything off and was frugal. He was not broke. He kept $2million for himself and his wife for his final years. His philanthropic endeavors is priceless for those he helped.
He's obviously not broke, but i doubt he's making money, he put aside enough money to live comfortably is what I imagine, which is beyond his right, he gave away billions... And because of that he's comparatively broke he could be super rich with more money than he can possibly spend, but chose not to be..
@@marikasdaughter6263 How else can one describe it, a multi billionaire who chooses to give out all he has except paltry two million dollars for him and his wife to live on.
Are you expecting him to become destitute and live ON the STREET, before he can be qualified as being BROKE. WHY DON'T YOU GIVE CREDIT TO WHOM US DUE.
I think the headline of this article was the point but they should have said this too. You can't say a man is soo savvy and then imply he has left himself destitute. This is a lovely story - he's an influential and amazing man - but they shouldn't portray it without this detail.
Thank you for sharing it.
I'm on the fence here because the definition of broke is not clear-cut. A survey in America by creditloan.com said that on average, people who had less than $900 USD in their bank account said they were broke. Your definition of broke maybe "I only have $10 in my pocket, and that's it", but then people dying from hunger in poor countries could just say "Nah fam, you're actually rich and privileged". For reference, Chuck donated at least 9 billion to charities and kept only around 2 million. That's 99.9777777778% of his money, gone. If I suddenly had to live on 0.0222222222222% of my current income, I'd say I'm broke. What's my point? Not sure tbh lol. Just presenting some facts that may change your perspective.
He lives in SF, he'll be broke after a couple of years lmao
This is truly the richest man alive. 'Being rich isn't about money, and having nice things. It's about who you are inside' As Bob Marley once said
nope. rich is rich
He deserves a Nobel prize.
There are only two kinds of people in this world: Him and everyone else.
He isn't the only one who died broke. Others have done it. They just are not as rich as him.
@@Ibebrappin It was his intention of going broke. He gave his money away intentionally. When you give out money faster than you make, then that is how you go broke. He was a smart man. That was HIS INTENTION. He knew how to make money because he was smart.
@@Ibebrappin Then why would you say that it was impressive? You make it seem like it was a miracle for him to become a multibillionaire as if you thought he wasn't capable of it, but he did it anyways.
@@Ibebrappin who are you talking to !?
Wrong. The only two kinds of people in the world are those who categorize all the people in the world into two groups, and those who poke fun at those people by ironically yet sarcastically also categorizing everyone into two groups. 😜
Dislikes obviously from family.
that's funny! Famously, Warren Buffet has always said to his kids they were basically getting very little.
@Mohammed khan recalculate that please.
@@straightshootah7550 don't be pedantic, you know what is implied.
@@mark-ish dont hate the player hate the game
Nahh dislikes from Forbes being fake
Jesus: "it is easier for a camel to pass through the eye of a needle than it is for a rich man to enter the kingdom of heaven."
Chuck: "Challenge accepted. . ."
keep your beliefs to yourself please
@@xxxod keep your beliefs to yourself hypocrite.
I think only 10% will go to heaven.. most of us are lost and forgotten.
This is top notch😂
Although he won’t die rich so there is no challenge LOL
"Spend the first half of your life earning as much money as you can, then spend the second half giving it all away."
-Andrew Carnegie.
We need more people like him.
There are, the whole point is they are anonymous.
There are many, they are humble enough to move In the shadows while doing good for the public
I will be one.
Look up “the strangest secret” by Earl Nightingale This will help you achieve anything
His story reminds me of Andrew Carnegie. They were both ruthless businessmen and gave their wealth away during their lifetime.
@NibiruLives phone bad
Avoiding taxes by donating to charities connected back to individuals is the oldest richman PR trick in the book.
@@al_wax Exactly, charity is a money laundering machine.
@@al_wax there are a lot of other ways to avoid paying taxes, a lot of them not involving giving back. No matter how you spin it was a good deed.
Andrew Carnegie who said “he wouldn’t pay his workers higher wages because they would drink it away.” Makes you wonder why those workers would drink it away. Maybe because the work was hard and after the Pinkerton Thugs killed striking workers Andrew Carnegie was an asshole. How about making the lives of your workers better as they are working for you not at the end of your life. High taxes exist to encourage higher wages through lower corporate revenue and income and better equipment through capital investments, not to horde it for yourself and stockholders.
He isn't broke, he has the richness of the heart which is true wealth
Chuck Feeney is the modern day Greatest Salesman in the World.
Og Mandino
Real hero living legend 🌹
He is real billionaire with winning hearts of billions of people.
Yes 🙌🏽
@@Alexandriafrancescakiel yep
Look up Bill DANIELS. He’s donated 1.8 billion to create a scholarship foundation on his death in Colorado
Imagine thinking you're a good person because you donated to charity only to wake up and realize they legally only have to put 5% of that money towards donations. Then imagine having such an easy life and upbringing that you amassed billions but arrogantly thought the way you could continue to contribute is by losing it all and quit funding the economy that needed those "donations". Lastly, fooling everyone into thinking you had even done a public service besides distract away from what you really did with your life. Man Bill Gates hes sure an icon of "philanthropy" he sure philanthropied those Africans to death just like his business model of stealing tech before they have to make laws against it because no one thought a single person could be so morally bankrupt. Yall need to wake tf up and stop with "my feelings" video and being played like the idiots you are.
That’s my dream right there make a scholarship for adult students.
@@lukesutton4135 bro stfu.. No one has donate to charity....
@@thaplug9644 i think he's referring to what gates allegedly did to those Africans he "helped"
@@ve2430 oh.. Fr.. Damn.. Africans really get shitted on.
Commendable. “Even if I give all my riches to the poor, but have not love, it profits me nothing”.
Do you think he gave all this money without love🤔...wat ste you tryna tell us
@@daniel-blessmannjoroge6483 it's a bible verse, and he is saying that money is nothing compared to Loving others just as much as you love yourself.
i can't imagine parting with one's money without love
So Forbes outed him as being a billionaire.. he got upset that people are talking about him.. and NOW Forbes is acting as if 'oops we made a mistake' and talking about him AGAIN as being broke.. Just leave the guy alone and stop talking about him then instead of acting like you're doing something good by talking about him being broke lol
??? They’re just talking about a billionaire who inspired other billionaires to give, not “outing” him as “some broke dude.”
I think we're all glad when people give their money away, either anonymously or not. Taking care of people is more effective through safety net programs, however. One very smart guy who has some strong opinions on the subject is Anand Giridharadas. Start with his writing, and maybe look for interviews, esp. w/ Andrew Yang.
@@matthewgillespie2835 Still waiting for the billionaire that inspires other billionaires to... ehm... not avoid taxes, advocate for a much higher estate tax, lower taxes for the lower and middle class and not burying that discussion by “doing good” with their charities.
@@matthewgillespie2835 the title says he’s broke
well , it is forbe jobs to report !
Such generous and humble person.... He is a true hero, rich at heart. In heaven, he doesn't need money.
yikes you're everywhere
@@galangrg5051 honestly he's becoming pretty annoying.
@@deckoi9496 How is it annoying? It’s a simple comment, lmao. Most people scroll through hundreds of comments everyday. One comment shouldn’t be that annoying.
Man you are everywhere! And I am liking it. You have my sub
Bro how are you everywhere?
This is very inspiring. The dislikes... They are just Australians trying to like.
😂😂 nice joke.
ahhahaha.... stealing this ^^^^
sorry mate my bad
Dude living upside down is hard
Hahaa
This man isn’t broke, but extraordinarily more wealthy now.
Wow, I could only pray to amount to the humility and giving heart that he has. Such an incredible human being!
Rest in Peace, Chuck Feeney, you were one of the most inspiring and truly kind human
This man deserves to be a household name and to have his story told. I'm glad I stumbled upon this video.
You better have shared the video then
Ahh warms my heart that someone like him exists.
“Foundations” are a way to hack tax avoidance
Chuck Feeney is truly the richest man in the world. This is a great man that should be honoured and deserved a standing ovation. Thank you Chuck for your kindness and generosity.
We all came to this world with nothing, now he want to give away his money before he die. He want to leave this world with nothing. God bless you, you have a good heart.
A great man. Did so much good all over the world, Particularly in Ireland. Both North and South! 🇮🇪
That man literally lived his best possible self for his entire life
And they said that angels aren’t real. What a human being!
They aren't. Good humans exist.
Money is highly overrated. The most important thing is to lower your living expenses and overall costs to a point where you can live with very little income nicely and worry free. It took me a lifetime to learn how important that was and now that I am doing it, I am living better than I ever did.
Wow... I'm speechless. Thank you for your legacy Mr. Feeney, and Forbes for this wonderful content.
A guy like that is worth more then he has ever accumulated in his life.
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
Yeah! I agree with you sir.
If you want to be successful have the mindset of the rich, spend less and invest More. Don't give up your dreams.
@@peterbedley2719 People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.
@@itoboreoghenevwegba4306 That's very correct sir!!
And that is why most of them end up losing they m o n e y to
s c a m m e r s.
Don't be in a haste to invest. Know what and who you are investing to and be sure that the person will deliver before investing.
That is a excellent way to leave a real good legacy that will live on after you pass. The world needs more like him. He was certainly a tough businessman to get he got but a true good human being. Donating the fortune and controlling how his resources will be allocated during his life separates him from others who donate after their death. The support to worthy causes is nonetheless needed and appreciated in any form.
The Bitcoin market is home to endless financial opportunities,bif you are not focused you will get sucked in crowd thinking, but thanks to expert Mrs Tessy for is contribution in the crypto space without her a lot of us will be lost in a day trading.
Bitcoin is fast rising and if you are lucky to have a good broker, then i believe you have absolutely nothing to worry about because you are in for a financial upliftment.
@@angelascott2490 You are right my friend, a lot of people are ignorant to understand that Bitcoin is the future.
Trading has not been going well with me, I have invested a lot of time and failed, I trade on my own but each time i keep losing money.
@@michealcliff4994 Self trade is too risky if you don't have the knowledge and strategies on how to trade and read margins.
@@michealcliff4994 You need a good broker, someone that will make trades and profits for you and also teach you how to trade and follow the market strategies.
This man did so much for Ireland...a true gent and an example to the world. Peace
A real billionaire. Real person as opposed to the fake ones around
We need more people like chuck this man knew the real secret to happiness. Giving is living.
If u understand vanity.
Only legends can relate.
This gonna go over a lot of heads!!
Benjamin Franklin once said vanity was key.
@@almighty_7851 in which oh his book?
I hope my Nigerian politicians can have this.
Everyone from my family sends him lots of love and respect!
Respect to you Mr. Charles Feeney!
Chuck Feeney is a Legend. Thank you Sir! Rest in Peace.
He’s still alive.... awkward 👀
@@BrianVelez The way the video talks about it him makes it seem like he is dead.
@@human91319 Agreed... thought he passed as well
@@kevinkang4427 It was his foundation, it has closed because all the money has been used up for charitable projects. Unlike other charities it had a mission to use up the money not to stay alive forever.
This rare for rich businessman who not greedy for him 😌 but is for others
Wow never knew about this guy ... the left hand never tells the right hand what it’s doing ... too many people are flaunting giving money at literal .0000000000000001% of what he’s given .... God Bless Him.. I pray that God blessed me with long life so I can see the fruits of my labor benefit people worldwide .. a true inspiration
This video needs to be recommended more to the public
The fact that these kind of people are hidden while people like the Kardashians are well known...
Isn't it ironic that he wants to die broke while the rest of us work ourselves to death trying to get and die rich 🤣🤣🤣🤣 and most importantly leave something for or kid's
this mindset of living somthing for your kids is so wrong and does no help those kids
@@pentrubarbati to a degree if that was truly the case then we should destroy every piece of knowledge before we die. Give that new generation a real hard time.
@@jaywyse7150 I was talking about money and living them stuff so they won't work or develop themselves to get that stuff not about knowledge geez some people are ridiculous
Easy fix don’t have kids.
@@pentrubarbati the thing is we all make choices in our lives so for some of us living something for our kids is what we want to do and for some of us don't want to 🤷🏾♂️. It's mostly about giving our kids and future generations a leg up because being poor isn't fun, and i know we keep telling eachother that if someone works hard they will succeed but seriously there are billions of people who have spent their entire lives working day in and day out and they still have nothing to their name. Most of the people who say that living your kids anything is wrong are people who grew up living a comfortable life, people who have never had to go hungry or have enough money to go to hospital or watch your mom work herself like a slave so just you could have some food. Money is not Evil like most people think, money is a tool and for me I'll want to leave my kids the necessary tools to make their life's a little bit easier 😌
Great story! It deserved to be told with a microphone.
He basically brought peace to Northern Ireland, and in Ireland he built University's, none of which Forbes mentioned, my mum has a picture of Jesus the Pope and Chuck Feeney in her house in Dublin Ireland, we Love you Chuck Feeney ❤🇮🇪☘
Salute to this selfless human being! He is a true inspiration to humanity.
Absolutely 100% human being.
exquisite soul. Example for humanity.
What you give while still alive is gold.
In sickness, silver.
What you give in death, lead.
God bless this awesome man.
I knew right away when I read the title it was Chuck Feeney. I read his book The Billionaire who wasn't. This man is beyond great.
Bless him. A true inspiration.
"We outed him and it ruined his life for a while" yet the video is presented as a success story for forbes. Says everything about forbes
Forbes does very funny things b
And one still trusts Forbes with its diminishing credibility to match the Nobel "Peace" Prize ‼️❓‼️❓😹🤣😂😹🤣😂😹🤣😂😹
Chuck helped the peace process in Ireland, he brought so many things but his everlasting was peace to Ireland. God Bless this man. Unsung hero in my eyes.
Quite a rolemodel in many ways👍Chapeau!
We love him here at Cornell.
The richest man alive.
This story brings me to my knees. What a great man. Thank you for bringing this story to us.
He’s probably the happiest man in the world because a truly happy and content person is a generous kind and that’s definitely him 👍🏻 salute!
ps: I want a handshake from him
The world would be a better place if we had more people like him. God bless him.
Andrew Carnegie, wrote a book with the same ideal. If i ever get to that position I plan to do the same, expect I would at least keep some to pass to my children
the world is a better place because of people like him. !
So, you're now telling me that this was the one one person who actually gave away most of his money to charity??? I see that!
Bill Daniels, Andrew Carnegie, there’s a lot of them.
Thank you for this story. We need more stories of such men and their legacies.
What a great and amazing man !
He is an inspiration to all people !
Wow, this is a really inspiring story and it makes you also realize thee is still a whole lot of good in this world. May God bless his family!!!
Look up Ratan Tata from India.
He would be the 2nd richest person in the world after Bezos, but he gives away 98.5 percent of his income to charity each year.
He holds the maximum share in the largest Conglomerate and company in all of India (TATA Sons and Enterprises, which also by the way saved companies like Ford)
@mikedoesseo
I coild argue with you here. Perhaps you are right. Perhaps wrong. Why don't you google and search more on the topic. 🤷🏻♂️
What a great gesture, he will be paid back in ten fold (symbolically) for his kindness.
NOW THAT'S A RICH MAN... He has a Heart that Keeps Giving
Amazing story! Looks like God really touched this man, you don't need money to be blessed, you need family, friends and faith!
Kudos to Chuck for a life of living well and giving generously. God bless him and his family for good karmas forever.
I hope Chuck extended this generosity to those his workers who piled him those billions.
They got paid via a salary. They were not working for free
Learned a lesson today : helping other is utmost satisfaction.
Incredible story, amazing human being, tremendous wealth can be a burden unless you do good with it.
I'm happy for this man. What he's done and the insperation he's been. Until today, I didn't know him. Nor will I ever get to meet him, but he has already influenced me.
Wow, I am amazed that there is a person like this. Definitely not usual this is extraordinary in a very good way.
This makes a lot of sense!!!!
It is easy too see, why he would be a great President.
Because he gave his money away? Lool sure.
@@SeanB0bby Fallacy of equivocation.
@Erik Cnating 😂😂😂If you studied logic and any kind of philosophy you'd know the concept I wrote up there.
@Erik Cnating Think of it this way... "the man is a great athlete, so he can be a great president"... What we did here was transfer his success from one field to another. Hence the term -->equivocation.
You may get his help or not, but he is great ❤️
Hollywood need to make a movie of this man. He deserved it!
TY
He's the rich one who'll get through the eye of a needle. These other rich sociopath scumbags who are greedy and care more about money than their fellow men and women, not so much.
Instead the rich scumbag type gets elected president and is adored by a cult of followers while the general public doesn’t know anything about Chuck Feeny.
You're just being insensitive.
So he's suddenly a saint because he gave all his fortune at the end of his life.
And by the way, if you have the opportunity to ever acquire wealth, you'd see how it feels to be rich. Then you'd understand if you should really judge people
Jeff Bezos
How much of your income do you actually donate?
@@HatovimLeTayis The better question is if I need donations and the answer is yes. If you'd like to contribute please speak up now.
There should be more people like him in the world
thank you.
Thank you
A lot of people are following in his footsteps!
Name one.
Yeah in reverse
This takes extreme dedication and selflessness. Imagine working your life amassing a fortune to decide that your money is worth more to others. The majority of us, no matter how rich, will never think of such feats.
It is easy for us commemorate someone’s positive actions, but very hard to replicate. All of us will most likely never donate this amount even if we reach this level of wealth. That is because humans are by nature, selfish. Ask yourself this, in chance that you become this wealthy, will you contribute to such feats? Probably not.
will you?
You don’t become a billionaire by being selfless
@Kartik Raj the people who do all the work should be the ones compensated. “Your company” is not just you. People work for you and should be compensated for it.
Also it shouldn’t be YOUR company in the first place, it should belong to all the workers.
@Kartik Raj bruh, you NEED other people to do the work. It should belong to everyone. Else do the work yourself
@@uhohhotdog You wouldn't donate billions 😂😂
An inspiration👏👏👏
Got bless this man.... one of a kind!!!!
I thought this was an Onion headline, but instead got respect for Chuck Freeney...
Just shows it's not about being rich or poor. It's about having a good heart.
thank you sir ✨ true inspiration ✨
One of a kind with a heart for loving people and progression. I'm inspired!