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…
Continue reading… “Chinese Tycoon Donates A Billion Dollars To Charity”
