Hobby Lobby CEO David Green announces to 'give away' company

Hobby Lobby founder David Green announced that his will be giving away his company after sharing that he "chose God".

In an op-ed for Fox News, the business tycoon shared that his faith was his "true source" of his success and the massive decision to give away his company came as a result of questioning himself as a company owner or a steward.

"As an owner, there are certain rights and responsibilities, including the right to sell the company and keep the profits for yourself and your family," he said. 

"As our company grew, that idea began to bother me more and more. Well-meaning attorneys and accountants advised me to simply pass ownership down to my children and grandchildren. It didn’t seem fair to me that I might change or even ruin the future of grandchildren who had not even been born yet."

"When I realized that I was just a steward, it was easy to give away my ownership," he wrote.

As of now, it remains unclear on how he plans on giving away his company but Green shared that 100% of the company's voting stock has been given to a trust.

"Wealth can be a curse and, in most cases, if you drill down on it, wealth is a curse in terms of marriage, children, and things of that nature." 

"So we’re stewarding our company and, therefore, our children come to work, and they get what they earn…It’s a paradigm change from ownership that can really wreck a family."