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Millionaire Is Giving Away His Entire Fortune

Millionaire Is Giving Away His Entire Fortune

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Austrian millionaire Karl Rabeder is giving away every penny of his £3 million fortune after realising his riches were making him unhappy:

Mr Rabeder, 47, a businessman from Telfs is in the process of selling his luxury 3,455 sq ft villa with lake, sauna and spectacular mountain views over the Alps, valued at £1.4 million. Also for sale is his beautiful old stone farmhouse in Provence with its 17 hectares overlooking the arrière-pays, on the market for £613,000. Already gone is his collection of six gliders valued at £350,000, and a luxury Audi A8, worth around £44,000. r Rabeder has also sold the interior furnishings and accessories business – from vases to artificial flowers – that made his fortune. “My idea is to have nothing left. Absolutely nothing,” he told The Daily Telegraph. “Money is counterproductive – it prevents happiness to come.” 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. – from Telegraph

View Comments (2)
  • hi i think its great karl is giving away his fortune,and wants to be happy,if he could give me 350.000 pound and that could buy me and my son our dream home,which would make us happy and very gratefull and i can honestly say helping others does make you happy,

  • Hello! I own and operate a gymnastics, dance, and martial arts facility hear in Colorado. I teach mostly underprivaledged children and with increasing overhead expenses I am finding it difficult to keep quality instructors. If anyone would be willing to put me in touch with some investors IE: Karl Rabeder I would greatly appreciate it! Karl is a blessing to many and I am grateful our world is full of the giving hearted! Seek peace and a wealth filled life!! is an award-winning 5-star luxury travel & lifestyle blog showcasing luxury cars & drives, fashion & style, gear, real estate, travel, and food & drink.
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