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September 16, 2022

Patagonia Founder Gives Away $3 Billion Company to Fight Climate Crisis
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The billionaire founder of Patagonia has given the outdoor apparel
company away to a specially designed trust and a nonprofit that will use
all revenue to combat the climate crisis and protect the environment.
Yvon Chouinard founded Patagonia nearly 50 years ago. The company is
valued at about $3 billion. In an interview with The New York Times,
Chouinard said, "Instead of extracting value from nature and
transforming it into wealth for investors, we'll use the wealth
Patagonia creates to protect the source of all wealth."


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