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Former Billionaire Chuck Feeney, Philanthropist Who Pioneered Giving While Living, Has ...
Foundation: Gates Foundation, Atlantic Philanthropies
Charles Feeney, the billionaire philanthropist who inspired a generation of Americans with his "Giving While Living" philosophy, has died at age 92, the Washington Post reports.
According to Forbes, Feeney was worth an estimated $1.3 billion in 1988 when his company, Duty Free Shoppers, was bought by Bernard Arnault's luxury goods group.
But by 1997, Arnault's group had bought out the co-founders' shares, so Feeney quietly gave most of his fortune to the Atlantic Philanthropies.
Since then, he'd given away more than $8 billionmore than 375,000% more money than he was worth at the time.
"I feel very good about completing this on my watch," Feeney told Forbes in 2012.
The lesson Feeney wanted to teach younger philanthropists: Don't wait to give your money away when you're old or, even worse, dead.
Over his lifetime, Feeney made more than $8 billion in grants in a handful of countries, supporting education, health, equity, and more.
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