Current:Home > reviewsShe asked 50 strangers to figure out how she should spend her $27 million inheritance. Here's what they came up with. -WealthSync Hub
She asked 50 strangers to figure out how she should spend her $27 million inheritance. Here's what they came up with.
View
Date:2025-04-15 18:04:54
Last year, heiress Marlene Engelhorn presented a question to her fellow Austrians: "How should I spend my 25 million euro inheritance?" Engelhorn, who comes from a European business dynasty, said she would choose 50 strangers from different demographics to brainstorm ways for her to use her money – and now, their spending plan has been released.
Englehorn sent invitations to 10,000 randomly-selected Austrians, asking them to complete a survey. She narrowed the survey participants to 50 council members and tasked them with distributing 25 million euros — more than $27 million — to those who need it, since Austria doesn't impose taxes on wealth and inheritance.
The diverse council included people from different ages, incomes, education levels and even attitudes on wealth distribution. They were moderated by a team of eight and were also advised by academics and experts.
After meeting over six weekends, the team of 50 people, called "Guter Rat" or Good Council, decided to distribute the inheritance to 77 initiatives, including Tax Justice Network, Attac Austria, the Momentum Institute and the World Inequality Lab.
They decided to use the money to fight against poverty-related illness as well as protect women from violence. "Poor makes you sick and sick makes you poor," said council member Dietmar Feurstein, quoting from the council's deliberations.
They are donating some of Englehorn's inheritance to women's shelters, the deaf association and inclusive soccer clubs.
Another area of focus – housing, integration and education – was brought to the table by 17-year-old council member Kyrillos Gadall. They chose to donate to organizations that work to obtain affordable housing for those in need.
They also wanted to focus on migrants and refugees by supporting language and other educational courses as well as organizations that advocate for better access to health care and working conditions.
"In summary, the result is as diverse as the council itself," said project manager Alexandra Wang. "Initiatives that directly support those affected or tackle the causes of the problem were supported. Both small and large organizations were considered, as well as young initiatives and long-established organizations."
She said all the decisions had one thing in common: "They want a fairer society. They want everyone to live well together. And they want to support those who are discriminated against."
Caitlin O'KaneCaitlin O'Kane is a New York City journalist who works on the CBS News social media team as a senior manager of content and production. She writes about a variety of topics and produces "The Uplift," CBS News' streaming show that focuses on good news.
veryGood! (591)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Behind the scenes of CBS News' interview with a Hamas commander in the West Bank
- Rob Manfred anticipates 'a great year' for MLB. It's what happens next that's unresolved.
- Beyoncé has been on the move and posting more lately, to fans' delight
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Salad kit from Bristol Farms now included in listeria-related recalls as outbreak grows
- A man is charged in a car accident that killed 2 Chicago women in St. Louis for a Drake concert
- Sora is ChatGPT maker OpenAI’s new text-to-video generator. Here’s what we know about the new tool
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- How Jason Kelce got a luchador mask at Super Bowl after party, and how it'll get back home
Ranking
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Murders of women in Kenya lead to a public outcry for a law on femicide
- Anya Taylor-Joy confirms secret 'Dune: Part 2' role: 'A dream come true'
- Deliberations resume in the murder trial of former Ohio deputy who fatally shot a Black man
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- In the chaos of the Kansas City parade shooting, he’s hit and doesn’t know where his kids are
- Morgan Wallen to open 'This Bar' in downtown Nashville: What to know
- Women are breaking Brazil's 'bate bola' carnival mold
Recommendation
Sonya Massey's father decries possible release of former deputy charged with her death
New Hampshire lawmakers approve sending 15 National Guard members to Texas
RHOP's Karen Huger Reveals She Once Caught a Woman in Husband's Hotel Room
Body believed to be missing 5-year-old Darnell Taylor found in sewer, Ohio police say
Why members of two of EPA's influential science advisory committees were let go
'A Band-aid approach' How harassment of women and Black online gamers goes on unchecked
Fed up over bullying, Nevada women take secret video of monster boss. He was later indicted for murder.
8 states restricted sex ed last year. More could join amid growing parents' rights activism