Tuesday, April 04, 2006

New Zealand Man to Donate Domain Name Sale Windfall to Charity


The TradeMe.co.nz website was bought by a newspaper group in March.
Image source: The BBC


Via The BBC.

A New Zealand man who made $NZ47m ($29m; £17m) from the sale of a website has said he will give it to charity as he does not know what to do with it.

Economist Gareth Morgan made the money from the sale of his stake in his son Sam's auction website, TradeMe.

Mr Morgan said he and his wife Joanne did not really need the money.

"I haven't worked for money for ages, I work because I enjoy it," he told New Zealand television. "If you're working for money you will never be satisfied."

More here.

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