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# Patagonia Founder Gives Away the Company to Fight Climate Change
- URL: https://werd.io/patagonia-founder-gives-away-the-company-to-fight-climate-change/
- Published: 2022-09-14T20:55:28.000Z
- Updated: 2022-09-14T20:55:28.000Z
- Author: Ben Werdmuller
- Tags: #Import 2025-06-13 09:23

“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.” [#Climate](https://werd.io/tag/Climate)

\[[Link](https://www.nytimes.com/2022/09/14/climate/patagonia-climate-philanthropy-chouinard.html)\]