Hobby Lobby founder says he’s giving away his company because 'wealth is a curse’

  • 📰 USATODAY
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Hobby Lobby founder David Green credited his higher power as the 'true source' of his success and chose to give away his company instead of profit.

Green credited his faith and higher power as the"true source" of his success, noting that"God was the true owner of my business," and felt that passing the company down to his children and grandchildren would've been the wrong move.

"As an owner, there are certain rights and responsibilities, including the right to sell the company and keep the profits for yourself and your family," Green wrote."As our company grew, that idea began to bother me more and more. Well-meaning attorneys and accountants advised me to simply pass ownership down to my children and grandchildren. It didn’t seem fair to me that I might change or even ruin the future of grandchildren who had not even been born yet.

“When I realized that I was just a steward, it was easy to give away my ownership," added, Green, whose net worth is $14 billion

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 100. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Wouldn’t it be something if he gave it to all the employees that work for him.

Hello

Better love to be live in a low profile that he should see so many people still living under their proverty , sometimes rich people they should to make their head to ' low down their head not to always up always to see the all is good , and beautiful on their own vision

Is this the new nickname for the US Supreme Court?

I wish someone showedd me this earlierr

has he not been profiting this whole time

Wealth is a curse? That is different than what Joel Osteen says. Who are we to believe?

6 months later: “David Green, founder of Hobby Lobby, indicted on charges of child pornography”

United States United States Latest News, United States United States Headlines