The billionaire founder of Patagonia has given the outdoor apparel company away to a specially designed trust and a nonprofit that will use all revenue to combat the climate crisis and protect the environment. Yvon Chouinard founded Patagonia nearly 50 years ago. The company is valued at about $3 billion. In an interview with The New York Times, Chouinard said, “Instead of extracting value from nature and transforming it into wealth for investors, we’ll use the wealth Patagonia creates to protect the source of all wealth.”