Millionaire Gives Away His Wealth
Karl Rabeder, an Austrian businessman is giving up all his wealth. He has sold his interior furnishings business and is arranging to auction his villa by the lake near Innsbruck as well as his farmhouse in Provence.
All the proceeds would go to a charity he set up in Latin America, which would offer micro-credit loans to poor people in El Salvador, Honduras, Bolivia, Peru, Argentina and Chile.
Karl was born to a poor family and he worked hard to earn his wealth. However, the new riches did not make him happy. He was touched by the plight of the poor in Africa and other places around the world.
During a recent trip to Hawaii, he discussed with his wife the vagary of possessions they owned. Finally, they came to the decision to give up everything and move to a $1200 per month apartment in another part of Innsbruck.
Anglican priest and Telegraph religion editor George Pitcher commended Karl’s deed and added that he would get more benefit by employing his time and skill for the service of others.
Karl’s fortune, around $5.3 million, is probably not a great sum of money compared to other people in this world. However, the astounding fact is that Karl is giving it all away at the age 47 and is not even going to draw any salary from the charity he is setting up.
Rabeder and his wife are the people who keep the beacon of hope alight for human kind, amidst the cruelties in the world.