Irish billionaire Chuck Feeney, 89, is officially broke as he has given away $8 billion(N3tn) to charities, universities and organisations worldwide via his foundation, the Atlantic Philanthropies, Forbes Magazine reports.
The idea encourages philanthropists to spend all their money during their own life-time to have better control over its use. In a pre-interview with Forbes, the business tycoon said that he was, in fact, very satisfied.
The billionaire added that he learned a lot along his journey and the idea of why not give it all (the wealth) away had struck as very appealing to him. He wanted to do it under his watch.
Currently, he lives in an apartment in San Francisco.
Forbes
