Austrian Millionaire Turns his Riches into Helping Others

Imagine having everything you’ve ever dreamed of, that money can buy of course, and realizing you wanted more! Not more things, but more meaning in your life.

Well, that’s exactly what happened to self-made millionaire Karl Rabeder of Austria. He had a couple of gorgeous homes, lots of toys and enough money to spend on lavish trips and fancy dinners and still he found that even with all of this money his life seemed to be driving him to something much more tied to his ‘soul.’

After 47 years, he finally had the courage and the will to make a drastic life decision to give it all away, every last penny of his £3 million fortune. Now, he’s not just giving it away, he’s liquefying his assets to help fund micro-credit loans for those that are in great need of financial support. Is this guy a modern day Robin Hood or what?

But he said he did not judge those who chose to keep their wealth, according to “I do not have the right to give any other person advice. I was just listening to the voice of my heart and soul.”

The process of releasing all of his assets even includes putting his elegantly designed mansion on the auction block. To offer access to a 1.6 million dollar home for less than a $200 lottery ticket! Now that’s what we call a LUX-tastic opportunity and what some might call a miracle for one lucky ticket holder.

The auction for the house has already started and up to 21,999 tickets will be sold at about £91 each. Providing many people an opportunity of a lifetime.

“More and more I heard the words: ‘Stop what you are doing now – all this luxury and consumerism – and start your real life',” Karl Rabeder said. “I had the feeling I was working as a slave for things that I did not wish for or need.

All of the proceeds of the sale and all of his other belongings will go to offer small loans to Central and Latin America citizens through a localized micro-credit charity in Austria.

Now that he has begun the process of releasing his material things, Rabeder is actually finding even more happiness in his daily life and looks forward to living much more contently in a small home in the mountains.

The most amazing part of this story is that this man, who is 47 years old, worked a majority of his life to build an empire of financial wealth only to find out that it wasn’t the money that he was really seeking.

LUX Nation, what do you think about this story? Does it encourage you to stop and take inventory of how you’re living your life? And in what way, might you be striving to live a dream that’s not yours? We look forward to hearing from you.

Tagged in: philanthropy, finances, karl rabeder, home for auction, austrian millionaire sells off riches, micro credit loans,

Related Articles