Scottish Multimillionaire Plans to Donate $400-Million Fortune
April 10, 2008 | Read Time: 1 minute
Duncan Bannatyne, a 59-year-old Scottish multimillionaire who made his fortune through nursing-home and health-club businesses, says he will endow a foundation with most of his fortune, worth about $400-million, reports The Scotsman.
“I am going to set up my own foundation to give away my money, and I hope other rich-listers will be encouraged to do the same,” Mr. Bannatyne says. “That will mean I’m not going to die the richest man in the graveyard.’‘
Mr. Bannatyne has made a documentary called “Britain’s Rich List: Giving It Away,” in which he meets with some of the richest people in the country to ask how much they are donating to charity.
“I believe that giving the money you make away is the best reason for making it in the first place, and that we rich in Britain don’t do enough yet,” he says.
