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Dragons' Den star 'to give bulk of his fortune to charity'



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Published Date: 10 April 2008
By Angus Howarth
DUNCAN Bannatyne, the Scottish entrepreneur, has vowed to leave the bulk of his £200 million fortune to charity.
Mr Bannatyne, 59, a panellist on BBC One's Dragons' Den, is setting up a benevolent foundation to avoid becoming "the richest man in the graveyard''.

Mr Bannatyne made his money through a nursing home business and health clubs, and yesterday he
urged other British multi-millionaires to follow suit and leave their money to good causes.

He said: "I believe that giving the money you make away is the best reason for making it in the first place, and that we rich in Britain don't do enough yet.

"I'm a lucky man. It's a fantasy life, what we all dream of. But when I've done all that, I start to think, 'Is there anything else I want to buy?'"

Mr Bannatyne, a father of six, has made a documentary for ITV1 called Britain's Rich List: Giving It Away.

In the programme, set to broadcast on 24 April, he meets some of the country's top earners to find out whether they are donating enough of their fortunes to charitable causes.

Mr Bannatyne said: "I am going to set up my own foundation to give away my money and I hope other rich-listers will be encouraged to do the same.

"That will mean I'm not going to die the richest man in the graveyard.''

He met fellow millionaires including football barons David Sullivan and John Madejski and the richest man in the City, Michael Spencer, to persuade them to leave more money to charity.

Mr Bannatyne added: "I want to find out if they're ready to open up to me and open up their purses.'"





The full article contains 296 words and appears in The Scotsman newspaper.
Page 1 of 1

  • Last Updated: 09 April 2008 9:49 PM
  • Source: The Scotsman
  • Location: Edinburgh
 
1

Fanling,

Hong Kong 10/04/2008 00:58:17
Now Duncan, can I begin by introducing myself ...? Well, it was worth a try.
2

Boy Wonder,

10/04/2008 01:46:18
I'd like to nominate the BWAF Benevolent Fund to recieve a large grant from Mr Bannatine's Foundation. Is it possible to give them a million quid or so next week, instead of waiting for the old git to pop his clogs though?

You get nowhere by not asking you know!
3

Patrice Manning,

Arlington Texas 10/04/2008 04:55:10
I would like for Mr.Bannatine to look at my cause you can find me at www.myspace.com/patriceclair and the childrens rescue cause I call The Red Barn.I hope you like our idea's I hope to see it through wih the help of God and the community then spread this concept worldwide.
Thanks,
Patrice Manning
4

Grumpy,

10/04/2008 07:41:53
"Sounds like a good idea, but I'll let you know where I stand - I'm not gonna invest, I'm out."
5

TheSmith,

10/04/2008 09:38:03
Just had a horrible vision of charities having to pitch in front of the dragons - "save the pigeons?! Ahm Owt"
6

donald,

glasgow 10/04/2008 09:46:45
Give it to the Labour Party now and get a Peerage, plus a few contracts. Glesga Cooncillors are the cheapest money can buy.
7

Alberto.,

10/04/2008 10:15:42
#6.

I feel that Mr Bannatine would not wish to lower his standing in life by being associated any form of New Labour - or in fact Politicians of any flavour, especially with their current standing in life, and as for the Peerage system - like the Political one, seemingly nowadays both much driven by either Personal financial greed - no matter how, or Social Snobbery at whatever the price, or both, but each now virtually worthless in the 'Great scheme of things for the human cause!'

Good luck to the Charities who benefit from this very worthwhile act of generosity from Mr Bannatine!

I only hope he will ensure, where possible, as little as possible of his vast fortune gets into Governments coffers - they have a big enough 'Great Con' going with 'our' money as it is, and seem hell bent on emptying 'our' account into their own - regardless!

Good Luck! - and I trust many will sail with you, and even more reap great benefits from your massive generosity!

8

yolanda,

10/04/2008 10:30:46
Good on him. I heard a him being interviewed on the radio some time ago, and he came across as being a decent guy who has worked hard for what he has, and appreciates it. Prior to that my impression of him was that he was a real soor puss with no personality. It just shows that we can have the wrong impression of people. What he is doing sounds great.

I'm not so sure that he should be encouraging his fellow millionaires to follow suit though. I think that's a matter for them and their conscience to decide. It's their money, to do with as they wish, if they earned it honestly.

9

G,

dundee 10/04/2008 12:26:29
If this happens, well done.
But I have my doubts.....
10

Trinh,

New York 11/04/2008 02:40:16
Thank you for focusing on those less fortunate. The compassion that you, Mr. Bannatyne feel at this stage of your life is humbling. Would you consider assisting Agent Orange children in Vietnam? Seven percent people living in Viet Nam are disabled and some were exposed to Agent Orange (used during the Viet Nam War). Check out www.warlegacies.org.

 

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