Patagonia Founder Donates Company To Nonprofit Organizations
NEW YORK, NEW YORK - SEPTEMBER 14: A Patagonia store is seen on Greene Street on September 14, 2022 in New York City. Yvon Chouinard, founder of Patagonia, his spouse and two adult children announced that they will be giving away the ownership of their company which is worth about $3 billion. The company's privately held stock will be now be owned by a climate-focused trust and group of nonprofit organizations, called the Patagonia Purpose Trust and the Holdfast Collective, and all the profits that are not reinvested into the business will be used to fight climate change. (Photo by Michael M. Santiago/Getty Images)
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