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dmkirwan | 2 years ago

What a legacy. I watched an excellent documentary on this man a few years back[0]. He donated massive sums of money (up to $1 billion) to third level institutions in Ireland, all on the condition of anonymity. I would love to see an assessment of the return that this investment had on Ireland and the world.

On institution benefited from the lion's share of this: University of Limerick. I recall the then-President of the university saying in an interview that he was under extreme pressure to reveal the source of investment as there was a significant drug problem in the city at the time and people were speculating it was the proceeds of crime! Another story that came out years after the fact was that he once invested millions in third level education in Ireland on the condition that the government match it, which they reluctantly did.

0: https://www.youtube.com/watch?v=OMcjxe8slYI

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dvas|2 years ago

In my opinion, Feeney had a massive impact on Ireland with his contributions. A great example of what it means to give back.

Take an example such as a multiplier effect of 5 times, that $1 billion created at least $5 billion of value at a minimum and second-order effects economically that are harder to measure over time.