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Millionaire gives away everything including ski chalet

The Austrian businessman gave it all away two years ago and now says he has found happiness.

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49-year old, Karl Rabeder, sold his business, a luxury Alpine chalet, his expensive cars, a private jet and all the trappings of wealth.

He then donated the cash to a charity that gives out small loans to people in the Third World.

He wanted to help those without cash and who would not be able to get a bank loan.

He has a modest home now and earns a small amount of money from public speaking.

“Now am I happy. If you write down the things that really make you happy and their cost, you will realise what I mean,” said Rabeder to the Austrian Times.

“Love, sunshine, fresh air – those are the things that make me happy. Having only a little money makes me happier. Seeing pictures of me back then as a millionaire, I look so miserable,” he said.

“For a long time I believed that more wealth and luxury automatically meant more happiness,” he said. “I come from a very poor family where the rules were to work more to achieve more material things, and I applied this for many years,” said Mr Rabeder.

He sold his alpine chalet by raffle selling 21,999 tickets as £87 each.

The moment he decided to sell everything came on a holiday with his wife to Hawaii.

“It was the biggest shock in my life, when I realised how horrible, soulless and without feeling the five star lifestyle is. In those three weeks, we spent all the money you could possibly spend. But in all that time, we had the feeling we hadn’t met a single real person – that we were all just actors. The staff played the role of being friendly and the guests played the role of being important and nobody was real.”

He had similar feelings on holiday in South America and Africa.

“I increasingly got the sensation that there is a connection between our wealth and their poverty and I realised that if I don’t do it now I won’t do it for the rest of my life”.

For the spirit of the mountains

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