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**Wrasialat** · 02-10-2010, 03:43 PM

World
Feb 10, 2010

Millionaire gives away money

LONDON - A BRITISH millionaire is giving away all his possessions and money in order to help orphaned children, reported the UK's Daily Telegraph on Wednesday. According to the newspaper, Karl Rabeder, 47, said that his money had never made him happy which was why he was giving it all away. 'My idea is to have nothing left. Absolutely nothing,' he told the Daily Telegraph. 'Money is counterproductive - it prevents happiness to come.' The businessman from Austria will sell his villa - complete with lake, sauna and views of the Alps and worth S$3.10 million - and a farmhouse in Provence. Mr Rabeder has already sold his luxury car, six gliders and his furnishings business worth about S$5.96 million.

The money will be used to set up orphanages in South America, reported the Daily Telegraph. 'I had the idea on holiday in Hawaii some years ago. My cars and plane have already gone and the rest follows very soon. I can't wait to be free of them. It has taken me until now to realise that I don't need money and possessions,' he said. On Austrian television, Mr Rabeder said he planned to raffle off his villa and that all the money raised would go to his charitable foundation he began last year. He is now living in a small two-room apartment and survives on about S$1,738 a month. 'The worst that can happen to me is that I have to take a small job to get by,' he told the Daily Telegraph.

02-10-2010, 03:43 PM	#1
Wrasialat Join Date Oct 2005 Posts 392 Senior Member	Millionaire gives away money World Feb 10, 2010 Millionaire gives away money LONDON - A BRITISH millionaire is giving away all his possessions and money in order to help orphaned children, reported the UK's Daily Telegraph on Wednesday. According to the newspaper, Karl Rabeder, 47, said that his money had never made him happy which was why he was giving it all away. 'My idea is to have nothing left. Absolutely nothing,' he told the Daily Telegraph. 'Money is counterproductive - it prevents happiness to come.' The businessman from Austria will sell his villa - complete with lake, sauna and views of the Alps and worth S$3.10 million - and a farmhouse in Provence. Mr Rabeder has already sold his luxury car, six gliders and his furnishings business worth about S$5.96 million. The money will be used to set up orphanages in South America, reported the Daily Telegraph. 'I had the idea on holiday in Hawaii some years ago. My cars and plane have already gone and the rest follows very soon. I can't wait to be free of them. It has taken me until now to realise that I don't need money and possessions,' he said. On Austrian television, Mr Rabeder said he planned to raffle off his villa and that all the money raised would go to his charitable foundation he began last year. He is now living in a small two-room apartment and survives on about S$1,738 a month. 'The worst that can happen to me is that I have to take a small job to get by,' he told the Daily Telegraph.
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