What Happened When an Heiress Let Strangers Give Away Her $27 Million Fortune

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What Happened When an Heiress Let Strangers Give Away Her $27 Million Fortune
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Heiress Marlene Engelhorn has long criticized the Austrian policy of not placing taxes for inheritances.

Austrian Marlene Engelhorn, who inherited millions from her family, poses with a placard saying"Tax the rich!" outside the World Economic Forum in Davos on January 15, 2024.arlene Engelhorn, an Austrian heiress who inherited tens of millions of euros from her grandmother, opted to let strangers decide where to give away €25 million ——over the past six weeks.

"A large part of my inherited wealth, which elevated me to a position of power simply by virtue of my birth, contradicting every democratic principle, has now been redistributed in accordance with democratic values,” she said in a statement, In an attempt to give away her fortune in as democratic of a way as possible, Engelhorn sent out emails to approximately 10,000 randomly selected Austrians, and chose 50 people who were designed to be as representative as possible of Austria’s demographics in terms of gender, ethnicity, and income. , revealed on Tuesday, to which Engelhorn’s wealth would be distributed.

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