October 5, 2022

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Heiress decides to reject billionaire fortune: ‘I didn’t do anything’

Austrian Marlin Engelhorn, 30, a student of literature in Vienna and descendant of the founders of BASF, a multinational chemical company with revenues of 78 billion euros, has decided to reject 90% of her inheritance of 4.2 billion euros (equivalent to R). $21.9 billion) for believing that her non-work income would not bring her happiness.

The young woman, who is part of Millionaires for Humanity, a group which advocates that the super-rich should be “taxed like workers”, will inherit the money when her grandmother Tradel Engelhorn-Vecchiato dies.

When the 95-year-old’s will was published, the heir made his intentions public.

“When the announcement was made, I realized that I couldn’t really be happy. I thought: something is wrong,” the woman said in an interview with the German newspaper Der Standard.

Asked what her grandmother thought when she made the announcement, the woman said the old lady “gave her enormous freedom to do whatever she wanted”.

The statement was deemed “controversial,” prompting the billionaire’s name in the international press and other interviews in which he spoke about taxing the rich.

“It’s not a matter of will, but a matter of justice. I did nothing to get this inheritance. It’s pure luck in the birth lottery. A coincidence,” he told German channel Orf 2 in an interview with German channel Orf 2.

At the time, she said she still didn’t know what she was going to do with the money, and called some of the philanthropy announced by the “super rich” “modern feudalism” because even if they were liberating. Among their wealth is the power to decide where they are sent.

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“Society doesn’t need to rely on millionaires. I exchange ideas with others and learn as much as possible to see what works and what doesn’t. Taxes are very important because that’s what determines wealth. It’s distributed,” he said.