Austrian heiress's 25-million-euro giveaway finalised
The Peninsula
Vienna: The group charged with giving away the bulk of Austrian German heiress Marlene Engelhorn s multi million euro inheritance on Tuesday announced...
Vienna: The group charged with giving away the bulk of Austrian-German heiress Marlene Engelhorn's multi-million-euro inheritance on Tuesday announced the dozens of organisations, projects and initiatives due to benefit.
The 32-year-old activist who advocates for higher taxes on the rich made headlines in January when she announced that she would be giving away 25 million euros ($26.8 million) -- the bulk of her inheritance.
She entrusted a team to set up a citizens council of 50 Austrians to come up with ideas on how to give away her wealth.
Members of the citizens group on Tuesday said that Engelhorn's millions would be distributed among a total of 77 organisations that seek to improve environmental protection, education, integration, health and social issues, as well as poverty and affordable housing in Austria.
Engelhorn, who co-founded the Taxmenow initiative, is among an exclusive group of millionaires pushing for governments to tax them more to bridge the growing wealth gap amid a persistent cost-of-living-crisis.