Austrian millionaire is giving away all his money -- Rs 20 cr -- and possessions, because...

An Austrian millionaire is giving away his fortune and all his personal possessions because "they never made
me happy."

Karl Rabeder (47) from Linz, claims he will use the money from his household accessory business -- worth u00a32.7 million (Rs 20 crore) -- to fund orphanages and other help-the-poor projects in South America.

Karl Rabeder

On sale

He is in the process of selling his luxury 3,455 sq ft villa with a lake, sauna and spectacular views over the Alps, valued at u00a31.4 million (Rs 10 crore).

Also for sale is his beautiful old stone farmhouse in Provence with its 17 hectares overlooking the arriu00e8re-pays, on the market for u00a3613,000 (Rs 4.5 crore). Already gone is his collection of six gliders valued at u00a3350,000 (Rs 2.5 crore), and a luxury Audi A8, worth u00a344,000 (Rs 32 lakh).

Pursuit of happiness: Karl Rabeder will give up the luxury of his Alpine villa and move into a small flat Read Next Story Former Sri Lankan Army chief Fonseka held, to be court-martialled› Trending Stories Latest Photos Latest Videos Latest Web Stories ADVERTISEMENT Mid-Day Fast ADVERTISEMENT ADVERTISEMENT ADVERTISEMENT