Sell company for $400 million? He’s giving it away instead.

New York Times: Now, Mr. Smith, who is 83, has made one last big move: He renounced a potential $400 million payday and pledged all of Grady-White’s future profits to charity.

“God has really blessed me to put me in a position to give away the vast majority of my net worth,” he said in an interview. “I don’t need a 200-foot yacht or to spend the winters in the Mediterranean. I’m really happy here in eastern North Carolina.”…

Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
×