Streaming issues? Report here
Temp 702 logo 1000 x 1000 2020 Temp 702 logo 1000 x 1000 2020
Best of 702
00:00 - 04:00
volume_up
volume_mute

Up Next: Early Breakfast with Africa Melane
See full line-up
Best of 702
00:00 - 04:00
Home
arrow_forward
Business
fiber_manual_record
Lifestyle

Billionaire gives away R100 billion, leaving only 0.0002% of fortune for himself

20 June 2019 5:58 PM
Tags:
Billionaires
Philanthropy
philanthropist
Chuck Feeney

You've probably never heard of Chuck Feeney. Nevertheless, he’s one of the strangest, most impactful people who has ever lived.

People used to ask me how I got my jollies, and I guess I'm happy when what I'm doing is helping people and unhappy when what I'm doing isn't helping people.

Chuck Feeney

Chuck Feeney is almost certainly the greatest philanthropist the world has ever seen.

Over the last 30 years the retail magnate had a single-minded mission: to give away his entire fortune, at one time worth almost R100 billion.

It seems he has succeeded; his current net worth less than $1.5 million (R21 million).

Feeney quietly funnelled billions into education, science, healthcare and civil rights in South Africa, the US, Australia, Vietnam, Bermuda and Ireland.

Few living people have given away their fortune so completely.

Feeney obsessively hid his massive donations.

Many charities had no clue where the piles of cash were coming from; those that did were sworn to secrecy.

He was, of course, eventually outed by Forbes, but he tries to keep his good work as hidden as possible.

To maximise the impact of his donations, Feeney leveraged every dollar he gave away, using the promise of substantial donation to force governments and other donors to match.

For more detail; watch "Secret Billionaire: The Chuck Feeney Story" (or scroll down for quotes by Feeney).

I watched a little girl cover her face up and leave her hands in front of her mouth. I saw that girl after surgery, and she was smiling... that's a great source of satisfaction.

Chuck Feeney

I want the last cheque I write to bounce.

Chuck Feeney

I don't dislike money, but there's only so much money you can use.

Chuck Feeney

It's the intelligent thing to be frugal.

Chuck Feeney

I believe strongly in 'giving while living.' I see little reason to delay giving when so much good can be achieved through supporting worthwhile causes today. Besides, it's a lot more fun to give while you live than to give while you are dead.

Chuck Feeney

There are restaurants you can go in and pay $100 a person for a meal. I get as much satisfaction out of paying $25.

Chuck Feeney

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:


20 June 2019 5:58 PM
Tags:
Billionaires
Philanthropy
philanthropist
Chuck Feeney

More from Business

Parts of Soweto could face days without power after substation damaged - Eskom

7 May 2021 10:55 AM

Affected areas include Western Jabavu, Jabavu, Mofolo Central, Molapo and White City.

Share this:
Read More arrow_forward

Pls Call me: Makate hopeful justice will be served in judicial review

7 May 2021 10:35 AM

For two decades, Makate has been challenged the cellphone operating company through lengthy court battles to pay out the amount he feels is due to him for his invention of the "please call me".

Share this:
Read More arrow_forward

What to consider if you want to leave money to your children

6 May 2021 8:57 PM

Valuable tips on ensuring an inheritance for your kids and educating them about money from personal finance expert Warren Ingram.

Share this:
Read More arrow_forward

Companies are dreaming up new ways to exploit you using voice profiling

6 May 2021 8:30 PM

The latest patents are 'deeply frightening'. Tech expert Toby Shapshak on the voice-profiling revolution in marketing.

Share this:
Read More arrow_forward

Report that Eskom doesn't want Karpowership deal 'pure speculation' says govt

6 May 2021 8:17 PM

Signing up for the Karpowerships would be irresponsible and irrational, says energy expert Clyde Mallinson on The Money Show

Share this:
Read More arrow_forward

The big vaccine patent waiver decision: 'It's like horse trading now'

6 May 2021 6:57 PM

Tough negotiations lie ahead for WTO members on lifting Covid-19 vaccine patent protections, says Salome Meyer (Cancer Alliance).

Share this:
Read More arrow_forward

South Africa (population: 58m) has fewer than 2000 dentists in public service

6 May 2021 2:12 PM

"We’re not producing enough dentists," laments Dr. Bulela Vava, founder of the Public Oral Health Forum.

Share this:
Read More arrow_forward

Hospital catch-22: We can't buy the machines unless we can employ radiographers!

5 May 2021 8:23 PM

Hospital groups aren't allowed to employ radiographers. Life Healthcare is fighting to have this changed, for important reasons.

Share this:
Read More arrow_forward

Epic Games wants to take a bite out of Apple

5 May 2021 7:15 PM

It is not just a court case that could become a problem for Apple.

Share this:
Read More arrow_forward

Gold Fields mine to save R120m a year on Eskom bills with solar plant

5 May 2021 7:15 PM

The Gold Fields board has greenlighted the R660m project. Bruce Whitfield interviews Martin Preece, Executive VP: South Africa.

Share this:
Read More arrow_forward

More from Lifestyle

[LISTEN] Understanding how pension plans work

9 May 2021 2:34 PM

Certified financial planner Paul Roelofse explains the difference between a living annuity and a life annuity.

Share this:
Read More arrow_forward

What to consider if you want to leave money to your children

6 May 2021 8:57 PM

Valuable tips on ensuring an inheritance for your kids and educating them about money from personal finance expert Warren Ingram.

Share this:
Read More arrow_forward

Companies are dreaming up new ways to exploit you using voice profiling

6 May 2021 8:30 PM

The latest patents are 'deeply frightening'. Tech expert Toby Shapshak on the voice-profiling revolution in marketing.

Share this:
Read More arrow_forward

I want to create an environment where women will rise - Mpumi Madisa

6 May 2021 11:50 AM

The Bidvest CEO says the corporate world kills marriages and she is glad her husband is also on that side.

Share this:
Read More arrow_forward

[WATCH] Sneaky Ohio state senator caught attending zoom meeting while driving

6 May 2021 8:37 AM

Khabazela shares some of the videos that went viral on Twitter and Facebook.

Share this:
Read More arrow_forward

[WATCH] Emotional 85-year-old man listens to a cassette of his mother singing

6 May 2021 8:23 AM

Khabazela shares some of the videos that went viral on Twitter and Facebook.

Share this:
Read More arrow_forward

'We don't want fewer people paying more taxes, but more people paying less tax'

5 May 2021 6:51 PM

The special Sars unit focusing on SA's super-wealthy is in business. The Money Show interviews Commissioner Edward Kieswetter.

Share this:
Read More arrow_forward

African voices: Tech entrepreneur launches continent's first audio library app

4 May 2021 8:22 PM

Some African books have been published on other platforms but not with African voices says the BiB app's Arlene Mulder.

Share this:
Read More arrow_forward

Lab-made diamonds are forever - Jewellery giant Pandora ditching mined gems

4 May 2021 7:34 PM

Pandora's launched its first lab-created diamond collection. Good for your pocket; good for the planet says Mads Twomey-Madsen.

Share this:
Read More arrow_forward

Artists vacate NAC offices after staging sit-in over COVID relief funding

4 May 2021 12:52 PM

The money was meant to create employment and retain initiatives for artists and others in the cultural sector affected by the COVID-19 pandemic.

Share this:
Read More arrow_forward