The Billionaire Who Wasn't: How Chuck Feeney Made and Gave Away a Fortune Without Anyone Knowing

The Billionaire Who Wasn't: How Chuck Feeney Made and Gave Away a Fortune Without Anyone Knowing
by Conor O'Clery

The Billionaire Who Wasn't: How Chuck Feeney Made and Gave Away a Fortune Without Anyone Knowing
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Book Summary Information

Author: Conor O'Clery
Edition: Hardcover
Published: 2007-09-24
ISBN: 1586483919
Number of pages: 352
Publisher: PublicAffairs

Book Reviews of The Billionaire Who Wasn't: How Chuck Feeney Made and Gave Away a Fortune Without Anyone Knowing

Book Review: Facinating, inspiring, but I have some reservations!
Summary: 3 Stars

I have been in small business for over 20 years, and when I saw this book advertised, I was hooked. I'm now halfway through the book, and I'm starting to wonder at some points. Why is no one noticing that Chuck Feeney used illegal and unethical methods to start and build his business--from violating security laws to find out when and where ships would dock, to talking his way onto those ships, using personal charm and connections? Why is no one concerned that for the first few years, his business was run as an illegal Ponzi scheme? Are we really to believe that he got through Hotel Management School at Cornell and didn't know basic accounting practices? While a very inspiring story, there are a lot of sugar coated and glossed over details that I would have like to see illuminated.

Don't get me wrong, this is a very inspiring story. But it just seems too good to be true. How was the book publishing funded? The publisher, Public Affairs, and the distributor,Perseus Group, are openly funded by outside organizations. I find it significant that there is a review of the book on the Atlantic Philanthropies website, with only passing reference to the connection between them. Is there a covert connection?

Finally, from a purely editorial perspective, I find the book rather dull. The writing style lacks color and verve, and the concatenation of multiple incidents does little to hold my enthusiasm.

Summary of The Billionaire Who Wasn't: How Chuck Feeney Made and Gave Away a Fortune Without Anyone Knowing

In 1988 Forbes Magazine hailed Chuck Feeney as the twenty-third richest American alive. Born in Elizabeth, New Jersey to a blue-collar Irish-American family during the Depression, a veteran of the Korean War, he had made a fortune as co-founder of Duty Free Shoppers, the world's largest duty-free retail chain. But secretly, Feeney had already transferred all his wealth to his foundation, Atlantic Philanthropies. Only in 1997, when he sold his duty free interests, was he "outed" as one of the greatest and most mysterious American philanthropists in modern times. A frugal man who travels economy class and does not own a house or a car, Feeney then went "underground" again, until he decided in 2005 to cooperate in a biography to promote giving-while-living. Now in his mid-seventies, he is determined his foundation should spend the remaining $4 billion in his lifetime. The Billionaire Who Wasn't is a tale of one of the greatest untold retail triumphs of the twentieth century, and of what happens to a unique man and his family when confronted with wealth beyond imagining.

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