< HOME  Wednesday, February 10, 2010

Millionaire gives away fortune which made him miserable

Austrian millionaire Karl Rabeder is giving away every penny of his £3 million fortune after realising his riches were making him unhappy.

By Henry Samuel in Paris
Published: 8:16PM GMT 08 Feb 2010

Austrian millionaire Karl Rabeder is giving away his fortune

He is in the process of selling his luxury 3,455 sq ft villa with lake, sauna and spectacular mountain views over the Alps, valued at £1.4 million.

He will move out of his luxury Alpine retreat into a small wooden hut in the mountains or a simple bedsit in Innsbruck

Mr Rabeder, 47, a businessman from Telfs is in the process of selling his luxury 3,455 sq ft villa with lake, sauna and spectacular mountain views over the Alps, valued at £1.4 million.

Also for sale is his beautiful old stone farmhouse in Provence with its 17 hectares overlooking the arrière-pays, on the market for £613,000. Already gone is his collection of six gliders valued at £350,000, and a luxury Audi A8, worth around £44,000.

Mr Rabeder has also sold the interior furnishings and accessories business – from vases to artificial flowers – that made his fortune.

"My idea is to have nothing left. Absolutely nothing," he told The Daily Telegraph. "Money is counterproductive – it prevents happiness to come."

Instead, he will move out of his luxury Alpine retreat into a small wooden hut in the mountains or a simple bedsit in Innsbruck.

His entire proceeds are going to charities he set up in Central and Latin America, but he will not even take a salary from these.

"For a long time I believed that more wealth and luxury automatically meant more happiness," he said. "I come from a very poor family where the rules were to work more to achieve more material things, and I applied this for many years," said Mr Rabeder.

But over time, he had another, conflicting feeling.

"More and more I heard the words: 'Stop what you are doing now – all this luxury and consumerism – and start your real life'," he said. "I had the feeling I was working as a slave for things that I did not wish for or need.

I have the feeling that there are lot of people doing the same thing."

However, for many years he said he was simply not "brave" enough to give up all the trappings of his comfortable existence.

The tipping point came while he was on a three-week holiday with his wife to islands of Hawaii.

"It was the biggest shock in my life, when I realised how horrible, soulless and without feeling the five star lifestyle is," he said. "In those three weeks, we spent all the money you could possibly spend. But in all that time, we had the feeling we hadn't met a single real person – that we were all just actors. The staff played the role of being friendly and the guests played the role of being important and nobody was real."

He had similar feelings of guilt while on gliding trips in South America and Africa. "I increasingly got the sensation that there is a connection between our wealth and their poverty," he said.

Suddenly, he realised that "if I don't do it now I won't do it for the rest of my life".

Mr Rabeder decided to raffle his Alpine home, selling 21,999 lottery tickets priced at just £87 each. The Provence house in the village of Cruis is on sale at the local estate agent.

All the money will go into his microcredit charity, which offers small loans to Latin America and builds development aid strategies to self-employed people in El Salvador, Honduras, Bolivia, Peru, Argentina and Chile.

Since selling his belongings, Mr Rabeder said he felt "free, the opposite of heavy".

But he said he did not judge those who chose to keep their wealth. "I do not have the right to give any other person advice. I was just listening to the voice of my heart and soul."

telegraph.co.uk

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At Friday, April 07, 2017, Blogger Unknown said...

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Do You Need A Personal Loan Or Business Loans? If Yes Email: Your Name:Amount needed:Duration:Country:Mobile:Contact Us Via Email: PergoCF@qualityservice.com

Do you need Financial Assistance?
Do you seek funds to pay off credits and debts?
We give out loan with an Interest rate of 1.00%

Please, contact us for more information: PergoCF@gmail.com , ( PergoCF@qualityservice.com ) , PergoCF@cheerful.com
Interested applicants should Contact us via email: PergoCF@cheerful.com
Kindly write us back with the loan information;
- Complete Name:
- Loan amount needed:
- Loan Duration:
- Purpose of loan:
- City / Country:
- Telephone:
- How Did You Hear About Us:

Please, contact us for more information: PergoCF@qualityservice.com
Interested applicants should Contact us via email: PergoCF@cheerful.com
Yours Sincerely,
Mrs. Ceren Kelly
PergoCF@qualityservice.com
PergoCF@gmail.com
PergoCF@cheerful.com
We look forward to hear from you ASAP.

 
At Friday, April 07, 2017, Blogger Sandra Alive said...

FOR YOUR REQUIRED QUICK AFFORDABLE LOAN, EMAIL dawsonlewisloancompany@yahoo.com

Hello, I am Sandra Alice currently living in New jersey city, USA. I am a widow at the moment with two kids and i was stuck in a financial situation in June 2015 and i needed to refinance and pay my bills. I tried seeking loans from various loan firms both private and corporate but never with success, and most banks declined my credit. But as God would have it, I was introduced to a Man of God a private loan lender who gave me a loan of $105,000USD and today am a business owner and my kids are doing well at the moment, if you must contact any firm with reference to securing a loan without collateral , no credit check, no co signer with just 2% interest rate and better repayment plans and schedule, please contact Dawson lewis He doesn’t know that am doing this but am so happy now and i decided to let people know more about him and also i want God to bless him more.You can contact him through his email: (dawsonlewisloancompany@yahoo.com) Or TEL:+14105016847

 
At Saturday, May 13, 2017, Blogger Pedro Martin said...

I have my ATM card already programmed to withdraw the maximum of $ 4,000 a day for a maximum of 20 days. I'm so happy with this because I got mine last week and I've used it to get $ 44,000. Mr Martins is giving the card just to help the poor and needy even though it is illegal but it is something nice and it is not like another scam pretending to have the ATM cards blank. And no one gets caught when using the card. Get yours today by sending a mail to martinshackers22@gmail.com.... THIS IS 100% REAL. I AM A BENEFICIARY OF THIS. HACKERS EMAIL: martinshackers22@gmail.com

 
At Tuesday, May 23, 2017, Blogger Joyce Kane said...

THIS IS NO JOKE...... ARE YOU IN NEED OF A LOAN?
FOR YOUR REQUIRED QUICK AFFORDABLE LOAN, EMAIL: davisloancompany@yahoo.com OR CALL/TEXT +{424} 772-2156


I'm Joyce Kane living in USA.I want to share this great testimony on how I got my loan from DAVIS LOAN COMPANY INC..I couldn't pay my bills anymore.
I lost everything like it was the end of the world, my family were driven out of our home because I couldn't pay my bills anymore, i applied from various company but all to no avail i end up being scammed by this fake companies claiming to be lender and denied a loan by my bank as well as credit unions I visited. i was homeless, i was bored and felt like it was the end of the world, i prayed so hard to God so he can help me, i cried day and night, to God be the glory One day i meant an old friend of mine who introduced me to this God fearing loan company davisloancompany@yahoo.com At first I told him that I am not ready to take any risk of requesting a loan online anymore,but he assured me that I will receive my loan from them on a second thought due to my current situation and condition I took a trial and applied for the loan, I filled the loan application form and proceeded with all that was requested of me,so Luckily as God would have it, this great and God fearing company granted me a loan of $200,000.00 which i actually applied for from this company a God sent loan lender, i know many people are out there passing through so much pain right now all in the name of getting a loan i will strongly advise you all to get your loan today from this company You can get in contact with this great company via email at [davisloancompany@yahoo.com] OR CALL/TEXT +1{424} 772-2156

 

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