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Grady-White Boats owner pledges profits to charity

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Grady-White Boats owner Eddie Smith Jr. has renounced a potential $400 million sale and pledged to deliver future profits to charity.

“God has really blessed me to put me in a position to give away the vast majority of my net worth,” he said in an interview with The New York Times. “I don’t need a 200-foot yacht or to spend the winters in the Mediterranean. I’m really happy here in eastern North Carolina.”

Smith, 83, bought the Greenville, North Carolina, boat maker in 1968.

Read more from The New York Times.

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rickh@ricksautomotive.com

Why do you keep posting articles that require a subscription to the various companies to read? You post just enough of a teaser than we can't finish reading the article with out signing up for New York times, Washington post, WSJ and others. please don't even post the teaser.

Monday, July 27
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