A New Zealand man who made $29 million from the sale of a website has said he will give it to charity as he does not know what to do with it.
Economist Gareth Morgan made the money from the sale of his stake in his son Sam’s auction website, TradeMe. Mr Morgan said he and his wife Joanne did not really need the money. “I haven’t worked for money for ages, I work because I enjoy it,” he told New Zealand television. “If you’re working for money you will never be satisfied.”
“You either invest in new ventures – and that was the sort of stuff I did when I was younger – but I’m sort of too old for that hassle now, so it’s time to do more charity stuff,” he was quoted as saying by the Associated Press news agency.
It was not immediately clear which charity the money would go to.
Mr Morgan and his wife travelled from Italy to China by motorbike last year to raise money for the UN children’s agency, Unicef.
Hey, if you can afford it, devoting time and money to charitable works ain’t exactly a bad way to spend your time.
Hey, if you can afford it, devoting time and money to charitable works ain’t exactly a bad way to spend your time.
Even if you can’t “afford it” its a good thing to do.
It was actually *only* 16 million pounds. His son got 69 million pounds out of the deal.
ooooops…..my bad…..I just realized the article said *dollars*…not pounds.
I was once a child, can I have his money?
I just hope it makes a difference in someone’s life. Windfalls like this just don’t happen to people in New Zealand, where 90% of wealth is inherited, and the old families with money like to keep it that way. Mr Morgan’s exemplary actions should be applauded in this regard.