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Yvon Chouinard

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Patagonia Founder’s Journey from Billionaire to Philanthropist

Originally Published 3 months ago — by Fortune

Yvon Chouinard, founder of Patagonia, lived a frugal life surviving on $1 a day before becoming a billionaire. Disgusted by his billionaire status, he transferred Patagonia's ownership to a trust and nonprofit to combat climate change and avoid the pitfalls of wealth accumulation, reflecting his stance against wealth inequality. Despite the rise in billionaire wealth globally, some billionaires like Chouinard are choosing to give away their fortunes to promote social and environmental causes.

business business billionaire business patagonia philanthropy wealth-inequality yvon-chouinard

Patagonia Founder’s Journey from Poverty to Billionaire and Philanthropist

Originally Published 3 months ago — by Yahoo Finance

Yvon Chouinard, founder of Patagonia, who once lived on $1 a day and ate cat food, was upset to be listed as a billionaire and chose to transfer his company's ownership to a trust and nonprofit to combat climate change and avoid billionaire status, reflecting his disdain for wealth inequality and corporate greed.

business business billionaire business corporate-philanthropy patagonia wealth-inequality yvon-chouinard