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09. 02. 10. - 12:00

Millionaire gives it all away

Tyrolean multi-millionaire Karl Rabeder has told how he has given away his 3 million Euro fortune to help others after realising his money has never made him happy.

The 47-year-old from Telfs is moving out of his country home overlooking the Alps and into a bedsit living on just 1,000 Euros a month.

His business, his cash and all his other assets are going to be donated to help poor families in South America.

"I had the idea on holiday in Hawaii. My cars and plane have already gone and the rest follows very soon. I can't wait to be free of them," said Rebeder.

Austrian Times

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