Chinese Tycoon Donates A Billion Dollars To Charity

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Yu Pengnian

Real-estate tycoon Yu Pengnian has now moved his entire $1.2 billion fortune into his charity to help China’s poor.

He made a fortune in real estate, and now he’s giving it back. The 88-year-old tycoon has slowly been transferring his wealth to his Yu Pengnian Foundation, and now he’s gone the final step, pledging his final $470 million in cash and property to the charity. This makes $1.2 billion he has put into his charity since he opened it in 2003.

“This will be my last donation. I have nothing more to give away,” he said at a press conference announcing the final donation…

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Carlos Slim Helu Becomes World’s Richest Man Pulling Ahead of Bill Gates

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Carlos Slim Helu becomes world’s wealthiest man

The world has a new richest man for the third time in three years, . Riding surging prices of his various telecom holdings, including giant mobile outfit America Movil (AMX), Mexican tycoon Carlos Slim Helu has beaten out Americans Bill Gates and Warren Buffett to become the wealthiest person on earth and nab the top spot on the 2010 Forbes list of the World’s Billionaires.

 

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