Charles 'Chuck' Feeney, the billionaire former co-founder of airport retail giant Duty-Free Shoppers, is now broke after donating his massive fortune to charity, Report says, citing RIA Novosti.
The 89-year-old, who has lived a frugal life, has donated more than $ 8 billion to charities, universities, and foundations worldwide through his foundation, Atlantic Philanthropies.
Feeney had pitched Giving While Living's idea, spending his fortune on large charitable donations for his life instead of creating a foundation upon death. He was famous for his pledge to give all his money to charity, and he made his dream come true this month. And he insists he couldn't be happier.
"We have learned a lot. We would do some things differently, but I'm pleased. I feel great to finish this on my watch," Feeney told Forbes.
In 2012, Feeney said he had set aside $ 2 million for his and his wife's retirement to donate the rest.