Friday, May 14, 2010

Chinese Tycoon Gives His Whole Fortune - $1.2B to Charity

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

Yu has several children, none of whom will inherit any of his fortunes, a move he says his children agree with. "If my children are more capable than me, it's not necessary to leave a lot of money to them. If they are incompetent, a lot of money will only be harmful to them," he said.

1 comment:

Jen said...

naku, baka dyan nakuha ng mama ko yung idea na yan!