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Patagonia billionaire who gave up company skirts $700M tax hit

Yvon Chouinard described his decision to give away the outdoor apparel-maker as his last-ditch effort to do all he could to protect the planet, but the deal is structured in ways that bring his family tax perks.

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Patagonia founder gives company away to environmental trusts - New Delhi Times - India Only International Newspaper

Outdoor gear company Patagonia says “the earth is now our only shareholder” after transferring the company’s ownership from founder Yvon Chouinard and his family to two nonprofits established to fight climate change. In a letter posted on the 50-year-old company’s website Wednesday night, Chouinard said Patagonia would transfer 100% of its voting stock to the…

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Patagonia Founder Transfers Ownership To Boost Climate Advocacy

Patagonia Founder Transfers Ownership To Boost Climate Advocacy
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Billionaire Lululemon Founder Donates $75 Million to Help Protect Wilderness

Chip Wilson, the billionaire founder of multinational athletic apparel retailer Lululemon Inc., is gifting more than $75 million the .

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Patagonia Founder Donates Entire Company To Fight Climate Change

Yvon Chouinard, the founder and CEO of outdoor apparel and gear company Patagonia, has always been a climate activist. Most of Patagonia's products are made using renewable and recycled raw materials. Additionally, since 1985, the company has been donating one percent of its annual sales to protect and restore the environment.

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