Wednesday, 4 May 2016

Bet You've Never Heard Of This Billionair

Chances are you’ve never heard of Chuck Feeney. And he’s worked very hard to keep it that way.
Feeney, who will turn 85 on Saturday, had an incredibly successful business career, amassing a multibillion dollar empire based primarily on duty-free retail shopping.

Meet the selfish tycoon who dodged billions in taxes

According to Forbes, this nefarious tycoon “has aggressively tried to avoid taxes at every stage in his career– from setting up his early business in Liechtenstein, incorporating his holding company in Bermuda. . .”
What a surprise… another rich a-hole abusing offshore tax havens in order to keep all of his wealth for himself.
What a B****ard!  Or is he!
Things are not always what they seem or what could get reported in the media.
You’re probably wondering how many Ferraris this depraved billionaire has added to his collection over the years…
Well, none, actually.
He’s flown millions of miles in coach, wears a cheap Casio watch, and crashes at his daughter’s apartment when he visits New York City.
It turns out that Chuck Feeney has spent the last few decades giving away his entire fortune to the point that he makes Bill Gates look like an amateur.
Feeney transferred his business interests to his charitable organization in 1984. And for the last 30+ years he’s given away nearly $8 BILLION through the foundation.
Given that Feeney’s personal net worth is now roughly two million bucks (million with an ‘m’), that means he’s given away 99.98% of his wealth.
That's got to be better than giving it to the government so they can use it to bomb people in other countries! Just a thought.
Something to think about for today.

David

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