The Billionaire Who Wasn't: How Chuck Feeney Secretly Made and Gave Away a Fortune

The Billionaire Who Wasn t How Chuck Feeney Secretly Made and Gave Away a Fortune Chuck Feeney was born in Elizabeth New Jersey to a blue collar Irish American family during the Depression After service in the Korean War he made a fortune as founder of Duty Free Shoppers the wo

  • Title: The Billionaire Who Wasn't: How Chuck Feeney Secretly Made and Gave Away a Fortune
  • Author: Conor O'Clery
  • ISBN: 9781586486426
  • Page: 293
  • Format: Paperback
  • Chuck Feeney was born in Elizabeth, New Jersey, to a blue collar Irish American family during the Depression After service in the Korean War, he made a fortune as founder of Duty Free Shoppers, the world s largest duty free retail chain By 1988, he was hailed by Forbes Magazine as the twenty fourth richest American alive But secretly Feeney had already transferred all hChuck Feeney was born in Elizabeth, New Jersey, to a blue collar Irish American family during the Depression After service in the Korean War, he made a fortune as founder of Duty Free Shoppers, the world s largest duty free retail chain By 1988, he was hailed by Forbes Magazine as the twenty fourth richest American alive But secretly Feeney had already transferred all his wealth to his foundation, Atlantic Philanthropies Only in 1997 when he sold his duty free interests, was he outed as one of the greatest and most mysterious American philanthropists in modern times After going underground again, he emerged in 2005 to cooperate on a biography promoting giving while living Now in his mid seventies, Feeney is determined his foundation should spend down the remaining 4 billion in his lifetime.

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      Published :2018-08-14T20:16:13+00:00

    1 thought on “The Billionaire Who Wasn't: How Chuck Feeney Secretly Made and Gave Away a Fortune”

    1. I picked up this book thinking I would read about a man who through entreprenurism made a fortune and then gave it all away. I wanted to be inspired by Chuck Feeney's story: a young man with nothing to his name makes good and does good with what he made. Instead, the story was so bogged down in details that I gave up on the book before the inspiring part could be read. I am impressed by Chuck's story but not by the way it was written. I would recommend this book to people who like to be bogged d [...]

    2. I'm not usually into detail-laden biographies or billionaires' business ventures but after meeting Chuck and Helga for lunch in SF I was intrigued by his life story - a conscious path of frugality and "giving while living" anonymously. Chuck's lifestyle choices - flying coach, wearing a cheap timex watch, and abhorring the fame and exorbitant excess that usually accompanies billionaires - is more than admirable. Just some quotes:On the keys to his success"He had an uncanny quality, a perception, [...]

    3. Wow, wow, wow!!! An intense page-turner as the businesses develop from real boots-on-ground gumption to insane levels of cash generation. An inspiration for philanthropic giving. Of course Feeney has an opportunity to provide funding that most people can't, but there is one bone thrown at the average giver where he says that a burn patient doesn't care if their treatment came from a billionaire or a $200 donor. What Obama could do with less than $50 per donor and the Salvation Army does with spa [...]

    4. I loved this. Yes the writing could have been better but the life lessons I've taken away from this are invaluable. I really walked away with admiration of Chuck's determination to change the world and people's lives. He really did achieve his goals.

    5. Lucky for the world that Charles Feeney fashioned himself after Andrew Carnegie. Carnegie felt the duty of a man of wealth was to set an example of modest, ostentatious living, provide moderately for the legitimate wants of those dependent upon him, and after doing so "to consider all surplus revenues which come to him simply as trust funds which he is called upon to administer . . . to produce the most beneficial results for the community." The book left some uncomfortable feelings. I give kudo [...]

    6. This book was given to me by a Boston philanthropist who said he had been so inspired by Chuck Feeney's story that he ahd purchased two dozen copies and was giving them to anyone who was interestedThe story itself is compelling. Feeney, a renaissance man who founded the "Duty Free Shops" concept and built a business empire in the aftermath of WWII, secretly gave away billions of dollars, supported peace in Northern Ireland and education around the world.The book itself chronicles Feeney's life, [...]

    7. Well, I didn't actually FINISH the book. It gets so bogged down in details that it lost its appeal for me. Honestly, it sounded like a compelling story before I began it, but the more I read, the more I couldn't follow what was happening and it became less and less interesting. I'm thinking a very short story of how he got started and what he eventually did, would be adequate for this story. Sorry, but, I'm not recommending it to anyone, except Chuck Feeney's mother.

    8. A fascinating read about an extraordinary businessman and how he built a retailing empire, while later turning those same skills to give away his fortune with amazing results. Chuck Feeney is an extraordinary individual, from whom we can learn a lot about the true importance of wealth. This should be distributed to all billionaires (and any other so called "high net worth individual"), if only to have them think deeply about what it is they can do with their money.

    9. Loved this book, it's a must read if you're interested in development and fundraising. As a detailed look into Chuck Feeney's background, education, army experience, business savvy, you see his philanthropic efforts run throughout. Seems fitting to Chuck's character to have this type of thorough biography, and I'm glad we have record of his journey. I'm inspired by the generosity and thankful for the perspective to think big.

    10. Book splits between early stage entrepreneurship and mid/late stage of philanthropy.Personally found the early stage entrepreneurship more interesting than the latter part purely from a roller-coaster trying to keep the business floating perspective. Must admit that Feeney's interest in keeping all his philanthropy under the radar pretty admirable.

    11. It was a good story about a good person, however there were too many financial details for me. A person with a business degree, or international business degree might find those parts easier, but for science types like me, it was a little tough in some areas.

    12. Amazing subject for a book, businessman Chuck Feeney, who cofounded Duty Free Shops and became a billionaire - except by the time the real money rolled in it was deposited in a secret charitable foundation. He was influenced by Andrew Carnegie's "Wealth" which described his philosophy toward money and philanthropy. The story of Feeney's early life and especially building the business was excellent - the first 100 pages of the book are fantastic. Feeney returned from his Korean War service in Arm [...]

    13. Excellent. Chuck Feeney (the billionaire who wasn't) founded DFS (Duty Free Stores) and gave his fortune to charity while still quite young. He hated paying taxes, and tried to do everything tax free.He was action oriented, an excellent entrepreneur, and an excellent father. Eventually, he also became an excellent entrepreneur with his focus on "giving while living", and "spending out of existence"."I had one idea that never changed in my mind—that you should use your wealth to help people. I [...]

    14. The story of Chuck Feeney intrigued me. What would drive someone to build a billion dollar business, and then work feverishly to unbuild its wealth?When I first started reading this, the narrative moved so quickly and had so many details, that I thought the second half of the book would be non-stop analysis. It turns out, however, that the author was suck a journalist, that he couldn't help but keep the pace up. Curiously, he didn't create a strong meta-narrative. That Feeney did this is clear, [...]

    15. I recently saw this book as recommended reading on the Stanford Business School newsletter. After reading a quick synopsis on , I was eager to read about Mr. Feeney. The book started off as a fun and entertaining story, beginning with details surrounding Mr. Feeney's childhood, a humble beginning, nonetheless, and continuing into his early days as a entrepreneur. The first 1/3 of the book was excellent, but after that, the momentum was lost. The author spent too much time describing the details [...]

    16. Perhaps the greatest philanthropist ever, who operated in anonymity for nearly 50 years, Chuck Feeney's story is awe-inspiring.The book chronicles Feeney's meteoric rise from working class beginnings in Elizabeth, New Jersey to the CEO of Duty Free Shopping, capturing one of first truly global markets. I was most impressed with his emulation of Andrew Carnegie, and his near-obsessive preoccupation with personal divestment.Getting a rare inside look into the business model, and relationships made [...]

    17. Chuck Feeney is one of the founders of the Duty Free Stores you find in the airports and at border crossings. He quietly made a billion dollars, and then just as quietly gave it all away. I loved reading about his frugality (only flew coach until he turned 75), generosity to others (happily gave 100 million to his ex-wife), and desire to do good in the world. It's a shame that Feeney's desire to give away his money rather than accumulate things makes him such an odd fascination. A fun and inspir [...]

    18. A heart warming insight into the life of a great man. Author has captured not only the details of the person but also of his style of engaging in business quite deftly. The book reads like a piece of fiction at times. It is also a good education in building successful businesses. More than anything Chuck points to the potential inherent in an individual as well as how much good a determined individual can bring about to the world. The scale and extent of his contributions is paralleled only by h [...]

    19. By being such an extreme business success, and then an extreme philanthropist, Feeney is a memorable character. His down to earth humility, despite having so much success and wealth, are inspiring and admirable. Although I got to my current similar beliefs about frugality and giving in a more roundabout way than Feeney, I'm proud to see shades of like mindedness with thus great role model. The biographer's storytelling style is brisk, well organized, and fascinating as the story unfolds.

    20. Very interesting story. I know the subject somewhat as I worked for his company for about four years. This is a really good story, poorly told. It gets pretty boring in spots. Chuck Feeney is a very unique individual. We need many more like him in the business world, instead of the Nardelli's and that ilk.

    21. Fascinating inside look at a remarkable man and the inner workings of the duty free world and the state of philanthropy across the globe. Great mix of personal and business stories. At times the author strayed too far into the minutiae on deal structures and other aspects of the business side and not enough on the personal side, but overall was an inspiring and uplifting read.

    22. Love it! Insightful details on the building of Chuck Fenney's Business. The tension between business partners that seem to arise more so when they become extremely profitable then when they were first fighting to keep the business afloat. Chuck's view on philanthropy, of giving it all away while he is still alive is enlightening.

    23. A well-written book about a great person. I was one of the fortunate ones to work for Mr. Chuck Feeney in the 1980's while at DFS and got a good feel for his humanity while working for his company. The author does a nice job of covering the high growth period of Japanese overseas tourism and the way in which Mr. Feeney was able to capitalize on future opportunities that he was able to foresee.

    24. Fascinating story of the evolution of one of today's most influential philanthropists. I gave it 4 stars instead of 5 because I thought it was overly positive and flattering of Chuck Feeney. It's understandable given the kind of access the author was given, but it was still a bit annoying.

    25. Being a hefty book, it took me a while to read the whole thing. Reading it because quite a journey of inspiration. If all the billionaires of the world behaved the same way as him, this world would be a very different place. Bravo Chuck Fenney!

    26. Can say much about the writing but the subject topic is worth every read if you are interested in non-fiction and one of the very understated philanthropic person/ organization of our time. thumbs up!

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