Economics In Brief: Patagonia CEO Gives Away Wealth To Fight Climate Change

Economics In Brief: Patagonia CEO Gives Away Wealth To Fight Climate Change
Patagonia’s “Reluctant Billionaire” Founder Uses Wealth To Fight Climate Change
Patagonia founder Yvon Chouinard has formulated a way to use his family’s net worth, currently valued at $3 billion, to fight climate change – by donating all of it. The New York Times reports the Chouinards are transferring about 2% of overall shares into the Patagonia Purpose Trust. The other 98% company ownership has been donated to the 501(c)(4) Holdfast Collective, a nonprofit branch of the company, ensuring the company continues to use its profit to combat climate change.

Aucun commentaire: