The millionaire who decided to give away his entire fortune because he was unhappy
Karl Rabeder grew up poor and thought that life would be wonderful if he
had money. But when he got rich, Karl discovered that he was unhappy,
so he decided to give away every penny of his £3 million fortune: "My
idea is to have nothing left. Absolutely nothing," he said. "Money is
counterproductive – it prevents happiness to come."
On the block,
or already sold, is his luxury villa with a 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. Instead,
he will move out of his luxury Alpine retreat into a small wooden hut in
the mountains or a simple bedsit in Innsbruck. 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.
The homeless billionaire
Meet Nicholas Berggruen, a homeless billionaire. You read that right.
Nicholas is worth billions but doesn't even own a home (he stays in
hotels) because he's lost all interest in acquiring things. After making
his billions, Mr. Berggruen, 46, lost interest in acquiring things:
They didn't satisfy him, and in fact had become something of a burden.
So he started paring down his material life, selling off his condo in
New York, his mansion in Florida and his only car. He hatched plans to
leave his fortune to charity and his art collection to a new museum in
Berlin.
For him, wealth is about lasting impact, not stuff. Forbes magazine estimated Berggruen's net worth at $2.2 billion as of 2010
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