Air Force Korean War veteran gives away $8B fortune to die (relatively) poor

| September 16, 2020 | 25 Comments

After serving in the Air Force as a radio operator during the Korean War, Chuck Feeney attended Cornell University on the GI Bill. He then built an $8 billion fortune after starting the Duty-Free Shoppers business familiar to airport travellers the world over.

A notoriously frugal man, he pledged 40 years ago to give away all his money (save a $2 million nest egg for he and his wife to retire on) to charity. At ago 89 he’s finally made good on that.

Forbes has the details on his giving. In contrast to most rich people who give money and boast about it to make themselves look virtuous, Feeney did it all in secret. He’s been called the “James Bond of philanthropy” for his generous giving in silence.

Category: F*** Yeah!, go broke

Comments (25)

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  1. Slow Joe says:

    What about his children?

  2. Graybeard says:

    Giving in secret is, IMHO, honestly giving.

  3. STSC(SW/SS) says:

    I hope it is all good after he is gone. I wonder if that Investment in that New York technology hub will still be around with all the screw ups from Bozo and DeCommie.

  4. 26Limabeans says:

    Still waiting to hear from him.

    Yo…Chuck, over here…

  5. 5th/77th FA says:

    Think of all the single moms he could’ve helped support…a dollar at a time. 😉

    I hope the ones that benefited from his gifts appreciate it.

  6. JBUSMC says:

    He better bump that nest egg up to about 10 million. 2 million isn’t what it use to be.

  7. Jarhead says:

    Growing up, there was a man who made a self-entitled spectacle of himself by marching down to the front of our church on his every birthday. He gave (if that is the correct word in this case) one dollar for every year of his age every birthday.

    People bought it and many thought so much of him for his “generosity”. Naw, couldn’t have been for show and RECOGNITION? He owned the Chevrolet dealership in my home town. Imagine that, a used (and new) car salesman with a heart of gold.

  8. Graybeard says:

    Having time now to have actually read the Forbes thing, I cannot say he was as “secret” as it seems. Lots of other “bigwigs” (and the reporter) have known for a while – and supporting Obamacare? Meh. His money, tho’

    • 26Limabeans says:

      “Feeney gave big money to big problems—whether bringing peace to Northern Ireland, modernizing Vietnam’s health care system”

      Their slave labor (Vietnam) makes our fucking underwear.
      His money but there it is for all to see and digest.

  9. David says:

    When I was young I was told of a fella who wrote down EVERY expenditure in a little notebook. He would write down the penny tip on a nickel cup of coffee. Was frugal, and everyone knew he was living hand to mouth. But he died around 1950 with almost $20,000 in the bank for his wife and kids…. not bad when you could buy a house in the same town for $1500.

  10. Slow Joe says:

    Also, if you really wants to help, you don’t donate your entire capital, which would be expent and gone in a blink of the eye.

    If you really want to help you invest your capital and donate your earnings forever and ever.

    To me, it looks like that dude is virtue signaling at the end of his life.

    How do you think we found out?

    • 11B-Mailclerk says:

      Flip side: the folks running your money after you die pervert your intent or outright usurp it to something you would abhor.

      There is no immortality in money. Once you are gone, it belongs to someone else.

      • KoB says:

        11B wrote; “…usurp it to something you would abhor.”

        Spot on Brother, have seen that up close and personal with my work thru Historical Organizations. The SJWs have taken over multitudes of local, State, and National Foundations and done a 180 on what was the original intent.

        Look at what the Ford Foundation does with their millions for an example. BLM just got a goodly chunk.

  11. Green Thumb says:

    Kick out a few million to a “Poser Prosecutor Fund”.

    All-Points Logistics will start sweating….

  12. penguinman000 says:

    Give his money away, leave it to the kids, or put it in a pile and burn it. He earned it, he can do what he wants with it.

    What I do find interesting is he didn’t go the route of other billionaires. Create a foundation which they control, thus largely sheltering/removing their money from taxes. Biggest good will fraud every pulled.

    It would appear he was actually interested in putting his resources to use for causes he believes in vice a creative way to shelter his cash. I may not agree with some of his causes but I appreciate his efforts.

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