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Thursday 3 July 2014

Chinese Billionaire gave away all his wealth to charity

From a penniless rickshaw driver to a real estate magnate in Hong Kong, this 88-year old has lived a full and rich life. He's built the kind of fortune most people can only daydream about. For better or worse, most billionaires set their family members up to live the easy life for
generations to come. But not Yu Pengnian.
Recently, Pengnian held a press conference to
make a startling announcement. Yu Pengnian
revealed to the world that he was giving away
his entire $1.2 billion fortune. And not to his
kids.
Instead, he announced his intentions to give
away the rest of his vast fortune to a foundation he established five years ago to provide aid to his favorite causes: Student scholarships,reconstruction after the 2008 Sichuan earthquake, and paying for operations for those like him who suffer from cataracts. His children will be receiving precisely NOTHING.
Sent from my BlackBerry® smartphone provided by Airtel Nigeria.

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