5 Top Chinese Billionaire Philanthropists

on April 28 2011 | in Lifestyle Trends | by | with No Comments

With wealth, comes generosity? Impacting the world? Certainly. A trend we will see more of among the rich as philanthropy becomes vogue.

Forbes China released a new list of China’s top philanthropists in its latest issue.

Topping the list was Wang Jianlin, chairman of Dalian Wanda Group, who made his fortune in property development and ranked no. 232 on Forbes 2011 Billionaires List. He has more than 30 “Wanda Plazas” across China and runs the biggest movie-theater chain in China, many in the company’s own shopping malls.

He gave away 1.28 billion yuan (US$197 million) in cash to various philanthropic causes last year. Notably, he pledged $150 million of his fortune to help rebuild the Porcelain Tower, a historic temple that dates back to the Ming Dynasty in the city of Nanjing.

Second on the list was Cho Tak Wong, chariman of Fuyao Glass Industry Group, who donated 1.03 billion yuan (US$158 million). The auto glass maker counts Audi, Ford, Fiat and Nissan among his customers.

Third was Lu Zhiqiang, the chairman of the China Oceanwide Group in Beijing and ranked no. 564 on Forbes 2011 Billionaires List. He gave away 550 million yuan (US$84,450) to causes that included disaster relief. China Oceanwide Group is part owner of Chinese computer-maker Lenovo.

Coming in fourth and fifth were Chu Mang Yee, chairman of Hong Kong-listed property developer Hopson Development, and Huang Rulun, chairman of Century Golden Resources Group in Beijing, which has business interests in financial services and real estate that include six shopping malls and 16 five-star hotels.

photo credit: dalian wanda

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