Australian Billionaire Paul Ramsay Leaves Bulk of Fortune to Charity
Australian Billionaire Paul Ramsay Leaves Bulk of Fortune to CharityMay 19
Earlier this month, Australia’s “gentleman billionaire” Paul Ramsay died at age 78 after suffering from a heart attack while abroad. Known for his kindhearted nature, immense generosity, and world-renowned health care empire, Ramsay is survived by his twin sister Anne and brother Peter. The self-made billionaire and philanthropist will reportedly leave the bulk of his $3.2 billion dollar fortune to charity, allowing his legacy and commitment to bettering the lives of others live on.
A college dropout, Paul Ramsay built Ramsay Health Care from the ground up in 1964. Today, Ramsay Health Care has grown to become a global hospital group, with 151 hospitals and surgery facilities across Australia, the United Kingdom, France, Indonesia, and Malaysia. “The company is well-respected throughout the health care industry for operating quality private hospitals and for its excellent record in hospital management and patient care,” explains its profile. Ramsay Health Care operates on a humanitarian-minded set of philosophies known as “The Ramsay Way,” cultivated over time by its founder. Not only are patients of Ramsay Health Care hospitals and clinics well cared for; the entire company fosters a culture of compassion for employees and their families as well.
Forbes reports that nearly all of Ramsay’s multi-billion dollar estate will go to the Paul Ramsay Foundation, making the estimated $3.2 billion dollar donation the largest in Australia’s history. In the past, Ramsay’s philanthropic efforts have benefited the health care industry, the arts, education, and the environment. Ramsay has also donated vital funds to Parent Infant Family Australia, a charity that supports vulnerable women and children during and after pregnancies, as well as liberal political endeavors. He has held the title of the eighth-richest person in Australia for a number of years, in addition to his fortune representing the largest monetary donation in the country’s history.
A kind and generous human being, Paul Ramsay gave his life to providing better health care, and supporting others. His passing represents a tremendous loss, but his legacy of giving will continue to live on.