Patagonia Founder Donates Company to Help Fight Climate Change

Half a century after founding outdoor apparel maker Patagonia, Yvon Chouinard, the eccentric mountaineer who became a reluctant billionaire with his unconventional take on capitalism, gave the company a hand.

Rather than sell the company or take it public, Chouinard, his wife and two adult children transferred their ownership of Patagonia, valued at around $3 billion, to a purpose-built trust and nonprofit organization. . They were created to preserve the company’s independence and ensure that all of its profits – some $100 million a year – are used to fight climate change and protect undeveloped land around the world.

In an age of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us tell the story well.



Be the first to comment

Leave a Reply

Your email address will not be published.