(Telegraph.co.uk) Mr Rabeder, 47, a businessman from Telfs is in the process of selling his luxury 3,455 sq ft villa with lake, sauna and spectacular mountain views over the Alps, valued at £1.4 million.
Millionaire Gives Away Fortune Which Made Him Miserable
FEBRUARY 15, 2010Henry Samuel, UK Telegraph
Mr. Rabeder decided to raffle his Alpine home, selling 21,999 lottery tickets priced at just £87 each.
All the money will go into his microcredit charity, which offers small loans to Latin America and builds development aid strategies to self-employed people.
Since selling his belongings, Mr Rabeder said he felt "free, the opposite of heavy".
But he said he did not judge those who chose to keep their wealth. "I do not have the right to give any other person advice. I was just listening to the voice of my heart and soul."
Read the full story by Henry Samuel on the Telegraph website: www.telegraph.co.uk/news/worldnews/europe/austria
