• Contact
Saturday, July 19, 2025
  • Login
The African Business - News About African business
  • Home
  • EconomyNew
    Angola Taps U.S. Firm Cybastion to Boost Cybersecurity

    Angola Taps U.S. Firm Cybastion to Boost Cybersecurity

    Burkina Faso boosts gold royalties to align with regional standards e1698698921979

    Burkina Faso mine delivers first gold pour as Australian firm hits milestone

    Democratic Republic of the Congo Flag Photo, High Quality Image of Democratic Republic of the Congo Flag. Waving Democratic Republic of the Congo Flag

    Congo wins $1bn from World Bank to revive giant hydro plan

    Trending Tags

  • Business
    agri preneur

    How a young agri-preneur returned from Israel to modernise avocado farming in Rwanda

    dangote

    “We can turn Africa into a ‘heaven’ in the next five years” — Dangote

    Yellow Card Financial and Visa

    Yellow Card, Visa agree to hasten stablecoin adoption in Africa

    starlink

    Elon Musk’s Starlink goes live in another African country

    agriculture

    Standard Bank agriculture expert says now is the time for tangible AfCFTA progress

    Simon Mann

    Simon Mann, mercenary behind failed ‘wonga coup’, dies aged 72

    de beers

    De Beers to shut down lab-grown diamond brand Lightbox

    cannabis

    South Africa to revise cannabis food laws amid public backlash

    BFA

    BPI expects to earn over €95 million from partial sale of BFA in July

  • Finance
    Armando Jorge Mota

    Armando Jorge Mota Announced as New CEO of Sanlam Angola Seguros

    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
  • Home
  • EconomyNew
    Angola Taps U.S. Firm Cybastion to Boost Cybersecurity

    Angola Taps U.S. Firm Cybastion to Boost Cybersecurity

    Burkina Faso boosts gold royalties to align with regional standards e1698698921979

    Burkina Faso mine delivers first gold pour as Australian firm hits milestone

    Democratic Republic of the Congo Flag Photo, High Quality Image of Democratic Republic of the Congo Flag. Waving Democratic Republic of the Congo Flag

    Congo wins $1bn from World Bank to revive giant hydro plan

    Trending Tags

  • Business
    agri preneur

    How a young agri-preneur returned from Israel to modernise avocado farming in Rwanda

    dangote

    “We can turn Africa into a ‘heaven’ in the next five years” — Dangote

    Yellow Card Financial and Visa

    Yellow Card, Visa agree to hasten stablecoin adoption in Africa

    starlink

    Elon Musk’s Starlink goes live in another African country

    agriculture

    Standard Bank agriculture expert says now is the time for tangible AfCFTA progress

    Simon Mann

    Simon Mann, mercenary behind failed ‘wonga coup’, dies aged 72

    de beers

    De Beers to shut down lab-grown diamond brand Lightbox

    cannabis

    South Africa to revise cannabis food laws amid public backlash

    BFA

    BPI expects to earn over €95 million from partial sale of BFA in July

  • Finance
    Armando Jorge Mota

    Armando Jorge Mota Announced as New CEO of Sanlam Angola Seguros

    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
The African Business - News About African business
No Result
View All Result
Home Lifestyle

This self-made entrepreneur has donated his $3 billion company to combat the climate crisis. He has not left a single dollar for his two children

TAB by TAB
17/10/2022
in Lifestyle
0
This self-made entrepreneur has donated his $3 billion company to combat the climate crisis. He has not left a single dollar for his two children
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

This self-made entrepreneur has donated his $3 billion company to combat the climate crisis. He has not left a single dollar for his two children

Patagonia boss, Yvon Chouinard, is a welcomed break from tech billionaires. Instead of doing just his ‘bit’ for the environment, this octogenarian entrepreneur donated his $3 billion company, American outdoor apparel brand Patagonia, to combat the climate crisis.

Related posts

quincy jones

Legendary music producer Quincy Jones dies at 91

04/11/2024
12
Livup Lifestyle Launches Dubai's First Business Members Club

Livup lifestyle launches Dubai’s first business members club

25/10/2024
5

The more you learn about Yvon Chouinard, the person, the more the billionaire aspect astonishes. Living life in your stead seems to be the mantra of this accomplished 83-year-old businessman. He prefers to be introduced as a rock climber, environmentalist, or philanthropist (not necessarily in that order). “The earth is now our only shareholder,” stated the American businessman Yvon Chouinard who transferred all of Patagonia’s voting stock to the Patagonia Purpose Trust, created to protect the company’s values. Its nonvoting stock has gone to Holdfast Collective, a nonprofit working to combat the environmental crisis.

They surely don’t make such men anymore, and such men seldom achieve the riches Chouinard has. Let’s take a closer look at the life of a billionaire who never wanted to be a businessman, is the epitome of eco-consciousness and anti-corporate ideals, and is obsessed with tenkara fly-fishing.

Fascination with Yvon Chouinard, the son of a French-Canadian handyman, mechanic, and plumber, begins early on. After moving to Southern California from Lewiston in 1947, the 11-year-old catholic climber was taken by the natural flora and fauna of the place. Chouinard founded the Southern California Falconry Club, and his investigations of falcon aeries ushered him to rock climbing, which became a life-long passion. One of the leading climbers of the “Golden Age of Yosemite Climbing” wasn’t satisfied with the tools around him. The perfectionist and passionate climber didn’t find the kind of pitons he wanted. At 19, he revolutionized mountaineering by creating a piton he sold from the trunk of his car for $1.50 each. In 1965, he founded his first company, a small climbing equipment firm – Chouinard Equipment, Ltd, followed by a 1970 trip to Scotland with Chouinard selling rugby shirts like hot cakes. This great success led to the founding of Patagonia.

The Patagonia Company became synonymous with rugged, technical clothing, so perfect that your grandmother could wear it to the North Pole. In 1971, Chouinard met and married his wife, Malinda Pennoyer, an art and home economics student at California State University. She is a co-owner of the company Patagonia and works alongside her husband to run the business. They have two children, Fletcher and Claire, who aren’t clamoring for the CEO title, instead dodging the billionaire status. Surfboard designer Fletcher has brought environmental awareness to the surfing industry. At the same time, Claire Chouinard channels her creativity by working in the fashion side of Patagonia, responsible for some of the brand’s designs.

The Chouinard siblings won’t inherit any dime from Patagonia:
Yvon passed on more to his son than the apathy in becoming a billionaire. Fletcher Chouinard didn’t inherit Patagonia but has the same dedication and zeal towards the environment and its conservation as his father. The outdoorsy surfboard designer founded Fletcher Chouinard Designs more than 25 years ago, creating green, durable, high-performing equipment. His sister Claire Chouinard ditched outdoorsy for artsy and graduated from Otis College of Art and Design. The siblings worked together in Patagonia, handling entirely different roles, and none were entitled. “We’re not just owners or board members,” Fletcher told The New Yorker in 2016 of he and his sister working for Patagonia. “We have normal salaries,” he continued. “We weren’t brought up to give a shit about money. Actually, I think we were raised to be slightly embarrassed about it.”

Claire Chouinard is as private as they come, with no presence on social media. Though, it is known that Claire helms the fashion side of Patagonia. “Our current creative director Claire Chouinard really sets the tone for inspiring us to whole-heartedly embrace our company’s statement of purpose: We are in business to save our home planet,” Patagonia design director Carrie Childs said in an interview last year. “Every creative decision, every design choice is filtered through that overarching purpose.” With so much drive and dedication to the vision and mission of Patagonia, it is refreshing to see the heirs working towards only the purpose and goal of the company, sans any vested interest.

This self-made entrepreneur has donated his $3 billion company to combat the climate crisis. He has not left a single dollar for his two children

Source: Leadership
Previous Post

Lufthansa’s incredible first-class suite will come with one-meter wide seats, wardrobe space, and a large dining table for a date in the skies

Next Post

From shining shoes in Africa to a seat in Italy’s parliament

Next Post
From shining shoes in Africa to a seat in Italy’s parliament

From shining shoes in Africa to a seat in Italy’s parliament

RECOMMENDED NEWS

Meta’s and Twitter’s subscription plans show they care more about money than free speech

Meta’s and Twitter’s subscription plans show they care more about money than free speech

2 years ago
5
800 million+ carats of diamonds in Angola reserves

800 million+ carats of diamonds in Angola reserves

2 years ago
11
10 entrepreneurs from Nigeria, Kenya and 5 other countries announced as the 2021 Africa’s Business Heroes winners

10 entrepreneurs from Nigeria, Kenya and 5 other countries announced as the 2021 Africa’s Business Heroes winners

4 years ago
10
Ethiopia wants to join the Brics group of nations …

Ethiopia wants to join the Brics group of nations …

2 years ago
3

BROWSE BY CATEGORIES

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Ads

Categories

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized
The African Business - News About African business

We bring you the best Premium news about African Business.

Follow us on social media:

Recent News

  • How a young agri-preneur returned from Israel to modernise avocado farming in Rwanda
  • Angola Taps U.S. Firm Cybastion to Boost Cybersecurity
  • Burkina Faso mine delivers first gold pour as Australian firm hits milestone

Category

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Legal Information

Terms and Conditions
Privacy Policy
Complaints Book

  • Contact

© 2021 The African Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Business
  • Finance
  • Opinion
  • Lifestyle
  • Sports
  • Green Economy

© 2021 The African Business