Comment on What Happened When an Heiress Let Strangers Give Away Her $27 Million Fortune

What Happened When an Heiress Let Strangers Give Away Her $27 Million Fortune

Marlene Engelhorn, an Austrian heiress who inherited tens of millions of euros from her grandmother, opted to let strangers decide where to give away €25 million ($27 million)—at least 90% of her fortune—over the past six weeks. Engelhorn has long criticized the Austrian policy of not placing any taxes for inheritances, since she feels being born into a wealthy family is a matter of luck and she did not earn the money. [time-brightcove not-tgx=”true”] “A large part of my inherited wealth, which elevated me to a position of power simply by virtue of my birth, contradicting every democratic principle, has now been redistributed in accordance with democratic values,” she said in a statement, per BBC News.

 

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