Chuck Feeney Wiki Bio
Charles “Chuck” Feeney is a former California billionaire who intentionally went bankrupt after donating all of his wealth to charities.
The 89-year-old, who racks in billions as a co-founder of Duty Free Shoppers, made a lifelong promise to donate every penny of his wealth before he died, Forbes reported.
And this month, Feeney did just that.
Over the past 40 years, the billionaire donated more than $ 8 billion through his Atlantic Philanthropies organization to foundations, schools and charities around the world, the outlet continued.
Meet the man who inspired @TheGivingPledge and gave away $ 8 billion
General Atlantic Founder Chuck Feeney https://t.co/c26ngWGmLf
– Bill SPACman 📈 (@BillSPACman) September 17, 2020
The San Francisco resident marked the end of his four-decade mission on Sept. 14, formally signing paperwork to dissolve his philanthropy, Forbes said.
The ceremony was carried out via zoom and featured video messages and letters from the likes of Bill Gates, former California Governor Jerry Brown and House Speaker Nancy Pelosi, all of whom thanked him for his service, continued the medium.
“We learned a lot. We would do some things differently, but I am very satisfied. I feel great completing this on my shift, ”Feeney told Forbes. “My thanks to everyone who joined us on this journey. And for those wondering about Giving while living: Give it a try, you’ll like it. ”
Here’s what you need to know about Charles “Chuck” Feeney:
Chuck Feeney age?
ChuCharles Francis “Chuck” Feeney (born April 23, 1931)  is an Irish-American businessman and philanthropist and founder of The Atlantic Philanthropies, one of the largest private foundations in the world. He made his fortune as a co-founder of the Duty Free Shoppers Group, which pioneered the concept of duty free shopping. Feeney secretly gifted his fortune for many years, until a business dispute resulted in his identity being revealed in 1997.  Feeney has given away more than $ 8 billion in his lifetime.ck Feeney is Irish-American & Hails From New Jersey.
Her mother was a nurse and her father took out the insurance, the organization continued.
Feeney was the first in his family to attend college, landing at Cornell University after a four-year stint as a radio operator for United States Air Force intelligence in Japan.
Through Atlantic Philanthropies, Feeney donated more than $ 8 billion over the past 40 years to charities, universities and foundations around the world, Forbes reported.
Feeney was inspired by her mother’s “charitable drive” to found The Atlantic Foundation, the first of The Atlantic Philanthropies, in 1982, according to her biography of Atlantic Philanthropies.
Although she has since donated more than $ 8 billion worldwide, she never wanted the recognition, the organization continues.
“However, there was a problem: Feeney wanted Atlantic donations to be anonymous,” says her bio.
Forbes magazine called Feeney the “James Bond of philanthropy.”
Feeney Co-Founded Duty Free Shoppers in 1960
Feeney co-founded the retail giant with Robert Miller in 1960, according to Atlantic Philanthropies. The company now operates 11 major airports and 20 Galleria stores, CNN added.
In 2017, approximately 160 million travelers visited Duty Free Shoppers locations, the outlet continued.
“In 1984, she secretly transferred all of her assets, including her 38.75 percent ownership of the tax-free business, to the Atlantic Philanthropies,” The New York Times reported. “He grew the Atlantic pot with early investments in companies like Facebook, Priceline, E-Trade, Alibaba and Legent.”
Feeney was forced to reveal his charitable donations in 1997 following a business dispute, according to Atlantic Philanthropies.
Chuck Feeney is Bill Gate’s Idol
In July 2017, Bill Gates tweeted that Feeney was one of his “heroes” and wrote: “@atlantic founder Chuck Feeney is one of my heroes. I have learned a lot from his philosophy of ‘give while living'” .
Forbes reported that Feeney’s generous nature was the inspiration behind Gates and Warren Buffett’s Giving Pledge in 2010, which encourages the wealthy to donate at least half of their wealth before they die.
“Chuck was a cornerstone in terms of inspiration for the Giving Pledge,” Buffett told the outlet. “He is a model for all of us. It will take me 12 years after my death to do what he is doing during his life.
Chuck Feeney Rents a San Francisco Apartment With His Wife & Lives a Frugal Life
Despite his acquired wealth, Feeney lives in a “modest” rental apartment in San Francisco with his wife, Helga, according to The Irish Times.
The New York Times added that the billionaire traveled alone by coach until he was 75.
“Until he was 75 years old, he traveled alone by coach and carried reading material in a plastic bag,” the newspaper reported.
“For many years when I was in New York, I would eat lunch not in the city’s fancy restaurants, but in the cozy confines of Tommy Makem’s Irish Pavilion on East 57th Street, where I ate the burgers.