Extraordinary Genius

Chapter 1803: Who's the Great Philanthropist?

What did Feng Yu list, the amount of his contributions over the years, the number of people who helped.

Together, the Taihua Charitable Fund and the Taihua Education Fund have made accumulated contributions of more than $10 billion over the years, worth more than $5 billion in those educational buildings in the country alone.

Not to mention some educational donations to poor countries, such as Africa, and a small number of donations, such as food, medicine and clothing.

Of course, most of these donations are directed at the interior of China. Africa, however, is not one of the few. As for why Huaxia has the most people on this side, Feng Yu is Huaxia. What's wrong with that?

Who's rich enough to want to donate, not home and country first?

Feng Yu's donation is definitely the number one at this time. The so-called donations of the wealthy are on the accounts of foundations that do not spend as much.

None of the expenses can be compared to Feng Yu's, none!

Seems like a lot of rich people donated a lot of stocks or something, not to mention floating profits, not necessarily as high in real value, not to mention that many of those stocks were spent on dividends, and the trading of stocks was restricted.

The Bill Gates Foundation, for example, has many Microsoft shares, of course, donated by Bill Gates. But these stocks, they can't be sold randomly, which means they're hard to realise.

Many wealthy donations, including Buffett, are in this form. To be honest, they also hold the voting rights to these stocks and the real power of the company, but only in a different form.

Many charitable foundations have huge assets, but how much money do they really donate each year? Five percent of the total funding is not necessarily available. The administrators of these foundations, all of them, are very well paid.

Feng Yu's foundation, though much smaller than those at the top, actually donated the most.

Feng Yu also cited a lot of rich people stealing ~ tax evasion ~ tax, many of which had attacked Feng Yu's rich people. Many rich sons serve as executives in the charitable foundations established by the rich and then receive some stock rewards or something each year in addition to their impressive annual salaries, so that, slowly, some wealth can be transferred to their sons' names, thus avoiding heavy taxes on estates worth about half of their property.

From this point of view, it would be wise for those ancient families in Europe to conceal their real property, although their inheritance taxes are not low.

For example, to exchange wealth for some UBS deposits, UBS is first known for its customers. By then, as long as future generations have letters and passwords, they will be able to take out money or bearer stock or other property.

This side of the US is worse than Europe because of the lack of context, says luxury.

Feng Yu's hand caused the image of many rich people to drop dramatically. But not only that, Feng Yu also made it possible to count the amount of individual donations by many rich people, which is unmatched by Feng Yu's true intentions.

Especially when they pop up their donations and help how many people this data, Feng Yu can add up more than everyone else.

How many people did those buildings alone help? Tens of millions, if not more. And the aid that helped Africa, it also helped tens of millions of people.

With these, Feng Yu told everyone that charity is not a slogan for some people, it is not a foundation managed by those people themselves, but actually helps people.

I've helped hundreds of millions of people, and the numbers are growing. What about you?

That's the data, shut up a lot of people. Not to mention, Feng Yu listed some of the charitable foundations founded by the rich themselves, which are simply investing blindly. The foundation invests in assets to make more money so it can help more people, but what's wrong with losing money?

Those people are also worried that if they continue to talk to Feng Yu Hard Steel, maybe Feng Yu will come up with some more terrible news.

It would be bad if you set yourself on fire.

Not to mention, Feng Yu is not fighting alone. There are also many partners of Feng Yu in the US and Europe. They are all hidden behind the scenes. They are also helping Feng Yu and praising Feng Yu for his kindness.

Feng Yu concluded by stating directly that he was reluctant to contribute to the developed countries. Since he was already a developed country, the political axe should have the capacity to make the country free of the poor. Otherwise, what development would he talk about?

He will continue to give help to those he sees in need until his death.

Those charities, stop raising money with him, he's going to help people, and frankly, many charities he doesn't believe in at all.

It's not just about capacity, it's about credibility. Can many philanthropic foundations' managers really focus on philanthropy when they live in luxury?

Can you trust a character who uses charitable funds to help him earn money?

These news pierced the fact that many people were covering it up. How dare you accuse others if you're not even clean?

As such, Feng Yu took care of the matter easily, not only reversing his image, but also solved many problems once and for all.

Even because of this, Feng Yu's reputation was pushed to a high point again. Many millionaires also expressed the hope that they could donate to Feng Yu's philanthropic foundation. Some are sincere, the trust of the other party Feng Yu, some are hoping to reverse their negative image, while still rubbing the heat of Feng Yu.

These were also rejected by Feng Yu. Whether they really wanted to make a donation or take advantage of this opportunity to build their reputation, Feng Yu would not ask them to make a donation.

Feng Yu's reason is that you should keep your little money. The contributions of these foundations will suffice with me.

Such hegemonic rhetoric is also irrefutable.

Many people have money, but it's the book value of listed companies' shares, and there's really very little cash available.

But unlike Feng Yu, although his assets are also many stocks, the cash he holds is also not a small amount, and many of his companies have very high dividends each year, which Feng Yu cannot afford to spend.

If you want to raise cash, none of the millionaires have Feng Yu fast, no Feng Yu easy.

Feng Yu also thought about how to spend it after making so much money. He also discovered the inner thoughts of rich people who were genuinely charitable, that when you have money and you can't spend it all on yourself, take it out and help others, hear a thank you, it's really great.

The kind of satisfaction that helps people later, it's addictive.

At this time, Microsoft broke out a big news story, and finally pushed down this donation story, which has dominated the headlines for many days.

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