A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Is it true that Rolex donates their 90% of profits to orphans?

Best Answers

Rolex is owned by the Hans Wilsdorf foundation, a non-profit under Swiss law. The Hans Wilsdorf Foundation funds the largest scholarship endowment in Europe. Rolex is not owned by any individual and the trustees of the foundation merely oversee the distribution of profits. read more

Second, they do not say why the living parents are poor judges of where their children should live---in their home or in an orphanage. Third, it does not talk about how the conditions of orphanages can be improved. read more

I have always loved the irony of this situation. The brand that is most associated with upward mobility, filthy lucre, image, prestige, etc. donates all of their profits to charity. It's an interesting story. Rolex has had a great deal to do with the charitable community since Hans Wilsdorfs death. read more

Encyclopedia Research

Related Types

Image Answers

Further Research