Austrian Millionaire Raffles Off Luxury Home
Filed under: Big Givers, Wealth
They say money can't buy happiness and one millionaire asserts that it is true. The Daily Telegraph reports that Austrian millionaire Karl Rabeder has decided to give away everything it spent him a lifetime to accumulate. He has already unloaded a collection of six gliders and an Audi A8. His stone farmhouse in Provence on 42 acres is listed for sale and his villa in Tirol is being sold in a raffle with tickets available for 99 euros each. The Tirol home is a 3,455 sq ft villa with Alps views. It has a swimming pond, a beach volleyball court and an outdoor entertainment pavilion.
Rabeder sold his successful furnishings and accessories company in 2004 and supports several orphanage projects in Central and South America. He and his wife have created a micro-credit organization. They plan to use the proceeds of the house lottery, on the one hand, to pay back existing house construction loans and cover the startup costs for MyMicroCredit which will fund self-employed entrepreneurs in several South American countries. A total of 21,999 lottery tickets will be sold.
It's not the first time we've seen this type of thing. Last year after a divorce English banker Andrew Paul started the Win A New Life website to give way his his home, car and boat in a competition that anyone could enter for £20. Up for grabs were his £1.1m five-bedroom house, a £160,000 Aston Martin DBS and his £200,000 Sealine 35 Sport motor boat. He was looking to sell 200,000 tickets but did not sell the required amount of tickets for the first prize of his belongings so a cash sum was given out instead.
12 Common Workout Myths Debunked
Forbidden America: Cold War-Era Map Shows No-Go Zones For Soviet Tourists
Powerball Jackpot Winning Ticket Purchased In Florida
Chili's Waitress Fired Over Facebook Post Insulting 'Stupid Cops'
Tenants: Stench of Death Makes St. Louis Complex 'Unlivable'
Courtney Stodden Has A Sex Tape
Man Takes Dump In Background Of Instructional Workout Video
Ricardo Cerezo, Facing Eviction, Finds $4.85 Million Lottery Ticket
How Kidnapping Suspect Passes Time Behind Bars
2013 Billboard Music Awards: Arrivals Photos From the Blue Carpet!
MIT's cheetah robot runs faster, more efficiently, can carry its own power supply (video)
Police Investigate Student Shooting Death
Forever 21 Worker Fired After She Tells Her Traumatic Story
Taylor Swift Q and A: What Does She Splurge on in Las Vegas?
LOOK: Dolphins Make Rare Underwater Find
Billboard Music Awards: Worst Dressed (or Most Daring?) From Past Red Carpets
River Lost 150 Pounds: 'There Is Hope. Grab Onto It'
Radio Host Makes Shocking Claim About Shooting Hillary Clinton
PHOTOS:Eva Longoria's Almost Wardrobe Malfunction At Cannes
These American Companies Refused To Sign The Bangladesh Safety Accord
Obama Approval Rating Not Hurt By Scandals
Marine Reunited With Four-Legged Friend
PREGNANT!
PHOTO: Looking Good! Chaz Bono Loses 65 Pounds
Teen Who Died During Her First Solo Drive May Have Been Texting
Former OJ Attorney Gives Shocking Testimony
Student Shot Dead During Botched Home Invasion
Guess Which State Boasts The Most Million-Dollar Homes?
McDonald's Store Owners Fear Fast Food Chain Becoming Too Slow
New Leads In Case Of Missing British Girl