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Billionaire Patagonia founder gives away company to fight climate change

A Patagonia store in Pittsburgh. (Gene J. Puskar/AP)
A Patagonia store in Pittsburgh. (Gene J. Puskar/AP)

Yvon Chouinard, the eccentric, rock-climbing billionaire and founder of popular brand Patagonia, is giving away the company. Estimated to be worth $3 billion, Patagonia will be given to a specially-designed trust and a nonprofit organization to ensure all profits — about $100 million a year — are used to combat climate change.

Ali Velshi, MSNBC anchor and economic correspondent, joins Here & Now‘s Celeste Headlee with the latest.

This article was originally published on WBUR.org.

Copyright 2022 NPR. To see more, visit https://www.npr.org.