Billionaire Boss Gives Firm Away to Fight Climate Change (millionaires, how much, school)

[RMESMH]

https://www.bbc.com/news/business-62906853


The link didn't inspire this thread, a report on MSNBC did.


One of the things the MSNBC reporter said was that the founder's kids essentially don't think a system should exist where people can become billionaires (which elicits a big from me), and that they (his kids) don't want to be billionaires.


Kids wanting to find their own way......Great .


Not wanting such a system to exist..... .

[remco67]

I bet those kids are and are more then willing to be Millionaires though. I wouldn't want to be a Billionaire either. Too much money can cause you a ton of trouble, everything from a loss of anonymity and personal freedom to everybody and his brother asking for a handout. A few Million to live comfortably under the radar and still do just about anything you want.

[DannyHobkins]

Originally Posted by remco67

I bet those kids are and are more then willing to be Millionaires though. I wouldn't want to be a Billionaire either. Too much money can cause you a ton of trouble, everything from a loss of anonymity and personal freedom to everybody and his brother asking for a handout. A few Million to live comfortably under the radar and still do just about anything you want.

He has two younger kids, including one Claire Chouinard who is college (Yale), so assuming it was her grades and not family that got her in that school

His son, owns a surfboarding company.

Either way, this is just an advertisement, puff piece for the brand. They are not giving away billions, they are giving away some of the profits they earn in the year (how much is that $100k, $1M?). The article goes into his other advertisement schemes such as "Dont buy this jacket" Jacket, which turned out to be one of their best selling products.

[DRob4JC]

He is free to do as he wishes with his money.

There is a list at the link of "People who have donated their wealth". It's a short list. Thought this was interesting...

Microsoft founder Bill Gates this year vowed to "drop off" the world's rich list as he made a $20bn donation to his philanthropic fund. The tech boss, who is thought to be worth $118bn, had pledged to give his wealth away to charity in 2010 but his net worth has more than doubled since then.

Oh...

[ChrisC]

I'm sure the snake oil salesmen that are now called "climate change experts" will be thrilled with their added wealth.