Illustration: Materialism

Austrian millionaire Karl Rabeder is giving away all of his $4.7-million fortune. He said, "My idea is to have nothing left. Absolutely nothing. Money is counter productive—it prevents happiness to come." He will sell his six gliders, his 42-acre estate in France and his luxury villa in the Alps. He plans to move into a small wooden hut in the mountains or a studio apartment in Innsbruck. In selling everything, he says, he felt free.