Warren Buffett did it. Bill Gates did it. Now a little-known billionaire from Britain is doing it too.
Albert Gubay has fulfilled a divine pact he made at the start of his entrepreneurial career and put his business empire, worth around 460 million pounds ($690 million) into a charitable trust.
The 82-year-old British retail entrepreneur made a "deal" with God several decades ago, when he barely had enough capital to get his business ideas off the ground, to share half his fortune with the almighty in return for some divine help with his finances.
Five decades later nearly all of his fortune is going into a trust from which half of all the funds will be spent on projects connected to the Roman Catholic Church. The other half will be given away to whomever the trustees deem appropriate. Gubay, a lifelong Catholic, will keep 10 million pounds ($15 million) to tide him over during his old age.
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