> Warren Buffett Blog: Warren Buffetts Hero is Chuck Feeney

Wednesday, June 25, 2014

Warren Buffetts Hero is Chuck Feeney

Warren Buffett's role model is Chuck Feeney, a former billionaire who gave away his entire fortune.

“Chuck has set an example,” Buffett said while presenting Feeney with the Forbes 400 Lifetime Achievement Award for Philanthropy. “It’s a real honor to talk about a fellow who is my hero and Bill Gates’ hero. He should be everybody’s hero.”

Chuck Feeney cofounded Duty Free Shoppers and made a fortune selling cigarettes, booze and bags to travelers. In 1984, he secretly transferred his 38.75% ownership of Duty Free to what became the Atlantic Philanthropies, his foundation. By the time Atlantic Philanthropies shuts down in 2016, it will have given away $7.5 billion to promote education, human rights, science and healthcare around the world. 

No one has ever given away the entirety of such a large fortune while they were still alive.