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From the Editor's Desk

Exclusive: The Billionaire Who Wanted To Die Broke... Is Now Officially Broke

It took decades, but Chuck Feeney, the former billionaire cofounder of retail giant Duty Free Shoppers has finally given all his money away to charity. He has nothing left now - and he couldn't be happier.

Charles "Chuck" Feeney, 89, who cofounded airport retailer Duty Free Shoppers with Robert Miller in 1960, amassed billions while living a life of monklike frugality. As a philanthropist, he pioneered the idea of Giving While Living - spending most of your fortune on big, hands-on charity bets instead of funding a foundation upon death. Since you can't take it with you - why not give it all away, have control of where it goes and see the results with your own eyes?

"We learned a lot. We would do some things differently, but I am very satisfied. I feel very good about completing this on my watch," Feeney tells Forbes. "My thanks to all who joined us on this journey. And to those wondering about Giving While Living: Try it, you'll like it."

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