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Saturday, 22 October 2011

"Hmmm?"

Millionaire David Kirch borrows money for vouchers

David Kirch  
David Kirch moved to the island in 1973 and has had a successful career in property

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A multi-millionaire who has given away more than £4m to people in Jersey has borrowed money from his bankers to continue his annual pledge.
Since 2005, David Kirch has been giving £100 shopping vouchers to every person over the age of 70 for Christmas.
In a statement, he said that this year had been the hardest and money had to be borrowed for the scheme to continue.
In the last census, one in 10 of the island's 88,000-strong population was 70 or over.
Mr Kirch said: "With ever increasing costs, I do think this year the vouchers are needed and while I have had to borrow the money to give it away, which I know sounds odd, I am happy to have been able to do it."
The statement did not give information on the amount that he had borrowed.
Mr Kirch turned 70 in 2005 and decided to celebrate by offering the money to others who had reached the same age.
He moved to the island in 1973 and has had a successful career in property.
In 2008, he gave out more than £900,000-worth of Christmas vouchers to islanders.

3 comments:

  1. Never ceases to amaze and inspire me that one man is willing to give to the elderly whilst our government is only willing to make life harder for them.

    P.s. word V is Porest, i know its not quite the right spelling but quite surprising it should pop up!

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  2. what a good man. many others should follow in his footsteps.

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  3. How interesting it is when people praise what is in affect a banker they benefit from, whilst simultaneously vilifying exactly the same methods used to amass a fortune by other bankers

    Great double standards!!!

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