Marlene Engelhorn, an Austrian heiress who inherited tens of millions of euros, allowed the public to determine how to distribute at least 90% of her fortune. Citizens were tasked with deciding how to allocate 25 million euros, equivalent to about $26.8 million, among 77 organizations over the upcoming years. Ms. Engelhorn, a member of Millionaires for Humanity advocating for wealth taxes, chose to redistribute her inherited wealth without existing tax laws governing it.
Austrian heiress Marlene Engelhorn just wrote away her $27 million fortune. https://t.co/DqQVSftEnf
Last year, heiress Marlene Engelhorn presented a question to her fellow Austrians: "How should I spend my 25 million euro inheritance?" Here's what they came up with. https://t.co/sdabnMt4h4
“Without any laws in place that would tax Ms. Engelhorn’s inherited fortune, she decided to redistribute it herself, & she turned to the public to decide how her money should be spent. She is part of Millionaires for Humanity, which advocates wealth taxes” https://t.co/OqYTitjIOE
The heiress Marlene Engelhorn asked Austrians for help spending 25 million euros, or about $26.8 million, of her wealth. This week, a group of citizens decided how to divvy up the fortune, choosing 77 organizations to receive money over the coming years. https://t.co/rFT0s53yIo
Marlene Engelhorn, an Austrian heiress who inherited tens of millions of euros, decided to let strangers decide how to give away at least 90% of her fortune. https://t.co/8kVW7E1dHg