# Billionaire No More: Patagonia Founder Gives Away the Company

<https://www.nytimes.com/2022/09/14/climate/patagonia-climate-philanthropy-chouinard.html>

- Host: [nytimes.com](https://links.thingelstad.xyz/hosts/nytimes.com/)
- Saved: September 15, 2022 (2022-09-16T01:26:04Z)
- Record: https://links.thingelstad.xyz/links/8121ebb664bc/
- JSON: https://links.thingelstad.xyz/links/8121ebb664bc.json

## What Jamie wrote

[Yvon Chouinard](https://en.wikipedia.org/wiki/Yvon_Chouinard), founder of Patagonia, has long been an atypical founder.

> Rather than selling the company or taking it public, Mr. Chouinard, his wife and two adult children have transferred their ownership of Patagonia, valued at about $3 billion, to a specially designed trust and a 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 combat climate change and protect undeveloped land around the globe.

I love Chouinard's comment at the end of the article.

> “I feel a big relief that I’ve put my life in order,” Mr. Chouinard said. “For us, this was the ideal solution.”

It will be interesting to see how this works out. I suspect it will work very well. Patagonia has always been driven by its values. This structure will allow it to continue to do that.

## Facts

- Kind: [Page](https://links.thingelstad.xyz/kinds/page/)

## Appears in

- [WT226: Weekly Thing #226 / Patagonia, Merge, Walrus](https://weekly.thingelstad.com/archive/226/), Featured

## Same host

- [Scott Vermillion, Former American Soccer Pro, Had C.T.E. - The New York Times](https://links.thingelstad.xyz/links/bb0c8473b122/) (nytimes.com, June 29, 2022)
- [Father of Technoblade, YouTube Minecraft Star, Says His Son Has Died - The New York Times](https://links.thingelstad.xyz/links/060861531ae5/) (nytimes.com, July 1, 2022)
- [Uber Investigating Breach of Its Computer Systems - The New York Times](https://links.thingelstad.xyz/links/7f26d8ad6218/) (nytimes.com, September 19, 2022)
- [Could FTX’s Collapse Signal Even Tougher Times for Crypto? Here’s What to Know](https://links.thingelstad.xyz/links/701bba34d415/) (nytimes.com, November 10, 2022)
- [How the 1% Runs an Ironman - The New York Times](https://links.thingelstad.xyz/links/f15610993663/) (nytimes.com, December 8, 2022)

## Saved the same week

- [What makes a senior engineer? Writing software vs building systems](https://links.thingelstad.xyz/links/dc82874f1271/) (codewithstyle.info, September 15, 2022)
- [iPhone 14 Pro Camera Preview: The Hardware Changes – Lux](https://links.thingelstad.xyz/links/fc899c29dccb/) (lux.camera, September 15, 2022)
- [iPhone 14 Pro Camera Review: Scotland — Travel Photographer - Austin Mann](https://links.thingelstad.xyz/links/b0527b387b8e/) (austinmann.com, September 15, 2022)
- [The Follower – Dries Depoorter](https://links.thingelstad.xyz/links/a6d9831c46b5/) (driesdepoorter.be, September 15, 2022)
- [Coin Metrics' State of the Network: Special Merge Update](https://links.thingelstad.xyz/links/e39c94ee03ba/) (coinmetrics.substack.com, September 15, 2022)

## Elsewhere

- Wayback Machine: https://web.archive.org/web/*/https://www.nytimes.com/2022/09/14/climate/patagonia-climate-philanthropy-chouinard.html