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Friday, January 18, 2008

The Billionaire That Wasn't

Here is the amazing story of entrepreneur/philanthropist Chuck Feeney + Economist's review + The Billionaire That Wasn't + he was an Andrew Carnegie fan + he created a foundation, the Atlantic Philanthropies, based in Bermuda + two years later he signed over his fortune to the foundation, except for sums set aside for his wife and children + his net worth fell below $5m + when he broke the news to his children, he gave them each a copy of Andrew Carnegie's essay on wealth, written in 1889.

Useful link:
http://atlanticphilanthropies.org

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