#112 Huang Rulun/Jinyuann Hotel Group – Huang, 58, chairman of the Jinyuan Hotel Group, is constantly making it into the top of China’s philanthropy lists, but even for him last year was exceptional – he donated USD 120 million in 2008 alone towards the snowstorm and Sichuan earthquake recovery efforts, education, poverty allieviation and health care.  Even so, he still clocked in at #112 on the Hurun Rich List, with assets of USD 1.03 billion.  Huang ascribes his success, as well as his philanthropy, to his belief in Confucianism, with the belief system having apparently played an important part in his family for generations.

#432 Yu Pengnian/Pengnian Industries – The chairman of Shenzhen based trade and property group Pengnian is number 432 on the Rich List, with a net worth of USD 370 million, but has been number one on the Hurun Philanthropy List for the fourth year running.  By now he has given more than USD 420 million to charity, much of it to his cataract foundation (he himself suffers from the condition).  The 87-year old is also one of the earliest entrants on the Rich List, having “jumped into the sea of business” during the sixties.

#598 Jet Li – In 2004 Li (ranked at #598) and his family experienced a life-changing brush with death in the Asian Tsunami.  Soon afterLi donated HKD 500,000 towards tsunami relief and ever since – has made significant contributions from his personal fortune, while dedicating himself to not only giving away his personal fortune but creating a culture of philanthropy in a country where giving makes up just 0.35% of GDP (compared to 2.1% in the US).  His high-profile Jet Li Foundation has so far contributed RMB 78 million towards Sichuan earthquake relief and reconstruction efforts and, through training and its mantra that every person should donate as little as RMB 1 per month, is promoting the notion of charity througout the country.

China International Business – Nov 2009

come back tomorrow for - China’s Rich List corporate convicts!

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