An Austrian businessman is raffling off his (luxury) home and will use the proceeds to help fund microcredits in the Third World, the daily Der Standard reported on Monday.
Karl Rabeder, 47, is selling his luxury 321-square metre [3,455-square feet] villa with swimming pool, sauna and (spectacular) mountain views in Tyrol, valued at 1.6 million (euros) [2.2 million dollars], via a lottery, he told the newspaper.
Some 21,999 (lottery) tickets priced at just 99 euros apiece are on sale.
Rabeder will then (invest) the proceeds in his own non-profit organisation, MyMicroCredit, which he set up a few months ago.
The businessman, who made his (fortune) from interior furnishings and accessories, already sold his business in 2004.
"For a long time I believed that more (wealth) and luxury automatically meant more happiness. Now it's time to sell my house, so I can be 'free' for my new life," he told the (newspaper).
From now on, he would live and work from a modest (rented) apartment in Innsbruck, he said.
A number of Austrians have raffled off their homes recently, as they see it as a way of securing their desired asking price if they fail to find a (buyer) by more traditional methods.
Question)
1. Do you agree the opinion that “ More wealth, more happiness”?
2. If you are rich, are you willing ti help the poor? How will you help them?
