Albert Gubay, the multi-millionaire Kwik Save tycoon, has given his vast business empire to charity to fulfil a “pact with God” that he made as a young man struggling to earn a living.
Ya gotta admire it…
The devout Roman Catholic vowed to hand over half his fortune to the Church if he ever became rich when he was working as a penniless sweets-seller in Wales after the Second World War.
Instead, at the age of 82, he has fulfilled the deal by giving almost his entire £480 million estate to a new charitable foundation, keeping less than £10 million to see out his old age.
Mr Gubay, who amassed his riches after founding the Kwik Save supermarket chain in 1965, will continue running his companies until he dies and hopes to push to value of his empire to more than £1 billion.
After his death, the newly-founded Albert Gubay Charitable Foundation will receive an estimated income of £20 million a year from the businesses.
The Welsh tycoon has stipulated that half the income must be invested in the Roman Catholic Church, in line with his “pact”, while the rest can be distributed at the discretion of the trustees.
Tags: Christian Life, News
March 22nd, 2010 at 8:54 am
I would be happy for the rest of my life if I could buy myself a small house for my son and me to live in. Taking care of your child will make a woman only rich with love …
March 23rd, 2010 at 9:31 pm
Hi Nice to know Albert is doing good with his wealth cos he sure as hell kicked up a right stink about the paymant of his workers many years ago when the FACTORY ACT said he had to double the girls pay almost !
I think he managed to get some back with the rise in boxs from 4d a box .to 6d a box after 30 no flies on Albert .
I think that was 53 ……… he was most upset
So many wee slave he had wrapping chews
Wonder if he rememebrs the Wee Rock place Rhylco.
I hope God gives me back my Bonus if I get there ….
God Bless
Mary
March 26th, 2010 at 8:48 pm
Kérem ha ön ilyen gazdag vegye meg a házunkat, a szívünk szakad meg utána, a saját kezünkkel építettük fel, nemsokára elveszi a bank, munka-nélkül maradtunk, csak a férjem dolgozik és már nem bírunk semmit sem kifizetni ha csak a gyerekek esznek majd, és mi nem, az sem lenne baj, de ez a kis ház ami átmenti otthonunk itt a földön, Isten kegyelméb?l épült, másé lesz á hagyjuk:(
Áldja meg az ÚR a jóságáért, a magyar ember már csak szolga, nincs becsülete, lassan már semmije sem marad.
Tudja elvehetnek mindenemet de a HITEMET nem adom! Ámen.
Szeretettel öleli egy elkeseredett anya Magyarországról