What did Feng Yu list? He listed the amount of donations he had made over the years and the number of people he had helped.
Tai Hua Charity Funds and Tai Hua Education Funds had accumulated more than 10 billion USD in the past few years. Just the school buildings in China are worth more than 5 billion USD.
Not to mention, there were also donations for education, food, medicine, and clothing in poor countries like Africa and other places. The donations were not small either.
Of course, most of the donations were for Hua Xia in China. But there were also many donations for Africa. As for why Hua Xia had received the most donations, it was because Feng Yu is from Hua Xia. What's wrong with this?
Who doesn't think of their hometown and country first when they are rich and want to donate?
Feng Yu's donations were the highest at the moment. The donations from those tycoons were all recorded in the funds' accounts, and they did not spend much.
In terms of spending, no one can be compared to Feng Yu. Not a single one!
Many tycoons might seem to have donated a lot of shares, but those shares might not be worth much. Most of the shares were paid based on dividends, and there were restrictions on the trading of the shares.
For example, Bill Gates's foundation owns a lot of Microsoft shares, and it was donated by Bill Gates. But these shares cannot be sold casually, and it's hard to convert them into cash.
Many tycoons, including Warren Buffett, donated in the same way. These tycoons still hold the voting rights of these shares and control the company. It's just in a different form.
Many charity foundations had huge assets, but how much money did they donate every year? It might not even reach 5% of their total assets. The managers of those foundations were all getting high salaries.
Feng Yu's foundation might be smaller than those top foundations, but he had donated the most.
Feng Yu also listed many cases of tycoons evading taxes, and many of them had attacked Feng Yu. Many sons of rich people would work as executives in charitable foundations set up by rich people. Then, in addition to a high annual salary, they would also receive some stock rewards. In this way, they could slowly transfer some of their wealth to their son's name, thus avoiding the heavy inheritance tax of about half of their assets.
From this point of view, the ancient families in Europe were very wise on this point. Although their inheritance tax was not low, most of them concealed their true assets.
For example, they could exchange their wealth for some UBS savings. After all, UBS was famous for its customers. When the time came, as long as their descendants had a token and password, they could withdraw money or bearer shares.
When it came to luxury, the US was far worse than Europe because of the lack of heritage.
Feng Yu's move had caused the image of many tycoons to plummet. However, that was not all. Feng Yu had also gotten people to count the individual donations of many rich people. None of them could compare to Feng Yu.
Especially when the number of people they had helped with their donations was revealed, Feng Yu's donations were more than everyone else's combined.
Just those teaching buildings alone had helped so many people. At the very least, it would be tens of millions. There was also the aid for Africa, which had helped tens of millions of people.
Feng Yu used these to tell everyone that charity was not a slogan shouted by some people, nor was it a foundation managed by those people. It was a foundation that actually helped people.
I had helped hundreds of millions of people, and the number is still increasing. What about you?
It was this data that made many people shut up. Furthermore, Feng Yu had also listed out the charitable foundations set up by some tycoons. This was simply blind investment. The purpose of the foundation's investment was to earn more money so that it could help more people. But what was the point of losing all the money?
Those people were also worried that if they continued to fight with Feng Yu, Feng Yu might come up with some scary news.
It would be bad if they were to invite trouble for themselves.
Furthermore, Feng Yu was not doing this alone. In the US and Europe, there were also many Feng Yu's partners. They were all financial groups that lived behind the scenes. They were also helping Feng Yu and praising Feng Yu's good deeds.
Feng Yu finally expressed that he was not willing to donate to developed countries. Since China was already a developed country, the government should have the ability to make sure there were no poor people in China. Otherwise, how could they talk about developing?
He would continue to give help to those in need until his death.
Those charitable organizations should stop asking him for donations. He would help others himself. To put it bluntly, he did not trust many charitable organizations at all.
It was not just a problem of ability. There was also a problem of credibility. Many managers of charitable organizations lived luxurious lives. Could such people really focus on charity?
Using charitable organizations to help oneself earn money? Could such a person be trusted?
These news articles had ruthlessly exposed the truth that many people had covered up. They were not even clean themselves, and they still dared to criticize others?
Just like this, this matter was easily settled by Feng Yu. Not only did he change his image, but he also solved many problems once and for all.
It was also because of these that Feng Yu's reputation was pushed to a new height. There were also many wealthy people who expressed their wish to donate to Feng Yu's charity foundation. Some of them were sincere and trusted Feng Yu. Some of them wanted to change their negative image and at the same time, ride on Feng Yu's popularity.
These were also rejected by Feng Yu. No matter if these people really wanted to donate or use this opportunity to increase their reputation, Feng Yu would not accept their donations.
Feng Yu's reason was that they should keep their small amount of money for themselves. I alone am enough to donate to these foundations.
This kind of domineering statement was not rebutted.
Many people had money, but it was only the book value of the listed companies' shares. The amount of cash they could use was very little.
But Feng Yu was different. Although most of his assets were shares, the cash he had was not a small amount. Also, many of his companies' dividends were very high, and Feng Yu could not finish spending all his money.
If those tycoons wanted to raise cash, none of them could do it as fast as Feng Yu. It was not easy for Feng Yu to raise cash.
Feng Yu had thought about how to spend his money after making so much money. Feng Yu had also noticed the mindset of those philanthropists. When you have money and cannot finish spending it, you can use it to help others. It was nice to hear a thank you.
The sense of satisfaction after helping others was addictive.
At this time, Microsoft released a piece of breaking news. The donation news that had dominated the headlines for the past few days was finally suppressed.
… …
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
