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Yu Pengnian: Chinese Billionaire Gives Life's Savings To Charity

Yu Pengnian

First Posted: 06/26/10 06:12 AM ET Updated: 05/25/11 05:15 PM ET

China's Yu Pengnian 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.

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Filed by Erica Liepmann  |