The new (radical) rich who can’t wait to give away their fortunes [Financial Times (FT.com) (UK)]
BASF SE S/ADR (BASFY)
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Source: Financial Times
Jump to comments sectionUnlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.In 2006, Farhad Ebrahimi underwent a life-changing moment. Fresh from a degree in maths and computer science at the Massachusetts Institute of nology, the politically active, punk-loving son of Iranian immigrants became heir to a large “chunk” of his family’s assets.Almost immediately, he set about thinking how best to give away the $70mn-plus he had inherited.“When I inherited the money, my instinct was, like, ‘I shouldn’t have this’,” he says. “The money never felt like mine, so there was never a part of me thinking: ‘I should just hold on to most of it’.”It took 18 years but Ebrahimi has, now, finally achieved his objective. Last November, the 46-year-old, who has made his home in a first-nation community [for indigenous peoples] in Los Angeles, wound up the now-assetless foundation he set up as a newly minted multi-millionaire.Up until
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