Austrian millionaire gives away fortune for happiness

Austrian millionaire gives away fortune for happiness

An Austrian millionaire “can’t wait to be free” of his wealth, after revealing plans to raffle his luxury Alpine home and give away his fortune.

Karl Rabeder, 47, will pour all the proceeds from the sale of his business, two homes, private jet and cars, into charity.

The trappings of a fortune worth $5.4 million have never made him happy, Mr Rabeder said, but he was not “brave” enough to give it all up until now, he told UK newspapers.

Mr Rabeder has sold more than 20,000 raffle tickets, at $158 a ticket, for his Alpine retreat, which is worth around $2.5 million and boasts stunning mountain views, a lake and a sauna.

He also plans to sell his farmhouse in Provence, the South of France, for as much as $1.1 million, six gliders worth $631,000 and his Audi A8, valued at $79,000.

From humble origins as the son of a painter, Mr Rabeder has built up his fortune through his interior decorations business _ã_ which is now worth some $4.8 million. However, the millionaire plans to give it all up to live in a simple mountain hut or flat, on an income of $1,442 a month.

The turning point for him came during a 5-star holiday in Hawaii with his wife in 2004.

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