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'Significance' Categories

Millionaire Gives It All Away

An Austrian millionaire decided to chuck it all. Karl Rabeder owned a $2.2 million lakeside villa in the Alps, a farmhouse on 42 acres in France, 6 gliders, and an Audi A8. But he said “the biggest shock” of his life was realizing how empty “the five-star lifestyle” was, and so he decided to give it all way.

He sold his business, got rid of the gliders and fancy car, and decided to raffle off the house in the Alps and put the farmhouse in France on the market. He began to support orphanages in South America, and created a charity that helps self-employed people in six Central and South American countries get their businesses going. He himself moved to a small two-room apartment in Innsbruck.

He said he wasn’t trying to tell anybody else how to live, but “was just listening to the voice of [his] heart and soul.”

Suggested applications:

  • Everybody wants their life to mean something.
  • There are more important things than money. “What good will it be for a man if he gains the whole world, yet forfeits his soul? Or what can a man give in exchange for his soul?” Matthew 16:26

    Reference: Karen Datko, “Miserable millionaire donating all to charity,” articles.moneycentral.msn.com (2/9/10)