Michael Sheen's £1M Debt Aid Praised as Heroic
Michael Sheen's £1M Debt Aid Praised as Heroic

Michael Sheen's £1M Debt Aid Praised as Heroic

News summary

Welsh actor Michael Sheen has paid off £1 million ($1.29 million) of debt for 900 people in South Wales using £100,000 ($129,000) of his own money by establishing a debt acquisition company. This initiative, documented in the Channel 4 show 'Michael Sheen’s Secret Million Pound Giveaway', aims to highlight how financial institutions profit from vulnerable individuals. Sheen's project involved purchasing debt bundles at reduced prices due to their diminished perceived value, allowing him to effectively 'write off' these debts. Although Sheen remains unaware of the identities of those he helped, he intended to demonstrate how the system could be changed to offer life-changing support. The initiative has been praised widely on social media, with commentators lauding Sheen as a 'real inspiration' and a 'hero' for his altruistic efforts. This project comes after other charitable acts by Sheen, including funding a national theatre in Wales.

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