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Founder of Patagonia gives away his Billion dollar fortune.
Posted by: hal
Date: September 14, 2022 04:27PM
[www.nytimes.com]

A great guy - started as a climber making his own gear in a garage. It was always about the climbing and never about the money. Now he really means it.

A half century after founding the outdoor apparel maker Patagonia, Yvon Chouinard, the eccentric rock climber who became a reluctant billionaire with his unconventional spin on capitalism, has given the company away.

Rather than selling the company or taking it public, Mr. Chouinard, his wife and two adult children have transferred their ownership of Patagonia, valued at about $3 billion, to a specially designed trust and a nonprofit organization. They were created to preserve the company’s independence and ensure that all of its profits — some $100 million a year — are used to combat climate change and protect undeveloped land around the globe.


whatta guy!

I highly recommend the movie '180º South' [www.imdb.com]

The film follows adventurer Jeff Johnson as he retraces the epic 1968 journey of his heroes Yvon Chouinard and Doug Tompkins to Patagonia.
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Re: Founder of Patagonia gives away his Billion dollar fortune.
Posted by: Michael
Date: September 14, 2022 04:35PM
Wow.
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Re: Founder of Patagonia gives away his Billion dollar fortune.
Posted by: kj
Date: September 14, 2022 04:35PM
I didn't know Chouinard had anything to do with Patagonia. I had equipment that was made by Chouinard, which I noted turned into Black Diamond. That's a definite put your money where your mouth is, which is awesome. The best gear I've ever had has been Patagonia, and I've sent stuff to be repaired and had them either send it back repaired or send me credit for something new. The really do believe in being responsible as far as consumption, etc.
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Re: Founder of Patagonia gives away his Billion dollar fortune.
Posted by: hal
Date: September 14, 2022 04:51PM
I didn't know they were involved with Black Diamond too... also makers of great gear.
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Re: Founder of Patagonia gives away his Billion dollar fortune.
Posted by: rgG
Date: September 14, 2022 04:53PM
Reminds me a little of what Hershey did.
Good for him and his family. He truly is one in a million to do that.





Roswell, GA (Atlanta suburb)
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Re: Founder of Patagonia gives away his Billion dollar fortune.
Posted by: Speedy
Date: September 14, 2022 04:59PM
Quote
rgG
Reminds me a little of what Hershey did.
Good for him and his family. He truly is one in a million to do that.

Or one in a billion.



Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.
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Re: Founder of Patagonia gives away his Billion dollar fortune.
Posted by: Markintosh
Date: September 14, 2022 05:35PM
Then there the #$%X@ nut jobs sending glamour rockets to space...

Always a fan of the Patagonia way...and happy to buy their gear, as long as it's on a big sale!



“Live your life, love your life, don’t regret…live, learn and move forward positively.” – CR Johnson
Loving life in Lake Tahoe, CA
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Re: Founder of Patagonia gives away his Billion dollar fortune.
Posted by: jonny
Date: September 14, 2022 10:20PM
I wish Musk (and Bezos... and Zuckerburg) would do this.
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Re: Founder of Patagonia gives away his Billion dollar fortune.
Posted by: pqrst
Date: September 15, 2022 12:06AM
There are any number of rich people who either turn over their company for and fund a charity. That charity can be dedicated to any number of goals.
Triplite the ups company
[www.chicagobusiness.com]
Rolex.
[millenarywatches.com]
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