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Neven Subotic Says His Fortune Is Nearly Spent After Donating €4 Million to His Water Charity

He seeks corporate partners to fund overhead to preserve the foundation’s 100-percent donor promise.

Overview

  • Subotic, in an interview published Thursday, said his personal wealth is nearly exhausted after years of covering costs himself and he continues to work unpaid.
  • He founded the well:fair foundation in 2012 to deliver clean water and sanitation in East Africa and it has reached 439,255 people so far.
  • The charity promises that every donated euro goes straight to projects, which Subotic has upheld by paying travel and administrative expenses from his own funds.
  • Annual revenue has grown from about €76,000 in the first year to nearly €5 million today, supported by company partnerships and an ambassador program.
  • He now asks businesses to underwrite core costs to keep scaling toward a goal of reaching one million people by 2030 and to move the group off personal funding.