Hamilton Spectator: Amazing $40m gift [Bob Young's aunt donates $40 million to local charity] | Linux Today

Hamilton Spectator: Amazing $40m gift [Bob Young’s aunt donates $40 million to local charity]

Written By
Web Webster
Web Webster
Apr 20, 2000

[ Thanks to theGEEK
for this link. ]

“As gifts go, it’s giant. Like a magician, Joyce Young
pulled $40 million out of Red Hat Inc. and gave it to the Hamilton
Community Foundation.”

“Young, who lives in Ancaster, became a multimillionaire by
investing five and a half years ago in a fledgling
software-development company founded by her nephew, Bob Young.”

“Joyce is quoted as saying: “While I respect Bob as a
businessman, I quite honestly never thought I’d see my money again.
I really just wanted to support him. After holding the company’s
stock for three years, I took out my original investment, and left
some money in just for fun.””

Complete
Story

Web Webster

Web Webster

Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.

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