Posted on 01/11/2024 12:13:49 PM PST by DallasBiff
If you inherited $27 million dollars, what would you do? For Austrian heiress Marlene Engelhorn, 31, she's determined to give it all away.
"I have inherited a fortune, and therefore power, without having done anything for it," she said in a statement, per BBC. "And the state doesn't even want taxes on it." (In 2008, Austria got rid of its inheritance tax.)
Engelhorn is descended from Friedrich Engelhorn, a German industrialist who, in 1865, founded BASF, a chemical and pharmaceutical company. Engelhorn's grandmother, Traudl Engelhorn-Vechiatto, was estimated to have a net worth of around $4.2 billion.
This week, Engelhorn began inviting people to take part in her initiative for the public to decide what to do with her fortune. Called the Good Council for Redistribution, Austrians can register online or by phone, with 50 people being chosen
(Excerpt) Read more at ca.style.yahoo.com ...
Marlene: call me 867-5309
Is she single?...........asking for a friend.................
A decade or two from now, she may regret that decision. Helping certain charities can be a plus, but just giving away your money?
It takes even more wisdom to give away a great sum of money than it does to make it.
It can be wasted, or worse, a lot of evil can be done with it.
It’s sad that she herself knows of no worthwhile causes and coming from a family worth $billions.
“Marlene: call me 867-5309.” That was Tommy Tuntone’s number in 1982. Marlene will need an updated number.
Assuming the billionaire grandmother likes the kid, she has an expectation to get a tidy inheritance. She won’t starve.
"And to Ralph Kramden, my favorite bus driver, I leave my Fortune."
If I am reading article correctly (against fr standards) she wanted govt to redistribute, but they changed inheritance law. No longer able to confiscate wealth.
Her money do as she wishes- but agree with you she may regret.
she won’t regret giving a few million away today, she is getting 4 billion more pretty soon
Ping.
Think Live-Aid. Most of the money was stolen.
Like so many of them, that was one funny episode!
Yes and their bait we will make you more famous.
27 Million?
Wouldn’t go very far in Silicon Valley, but maybe that sounds like more money in Austria.
Anything that falls on the floor during the hand over I got dibs on. 😂
Nice!😂👍
Commenters are being far too generous. According to her bio at some group called Millionaires for Humanity, she “is a highly vocal advocate for a global wealth tax regularly appearing in newspapers and the media.” Give away your money if you want to, but leave the rest of us alone!
https://millionairesforhumanity.org/the-millionaires/marlene-engelhorn/
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